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Consider a 3-year maturity annual 9% coupon paying bond with a YTM of 12%. A. What is the Duration of this bond? B. What will

Consider a 3-year maturity annual 9% coupon paying bond with a YTM of 12%.

A. What is the Duration of this bond?

B. What will be the predicted price of this bond if the market yield increases by 100 basis points?

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