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Consider a bond with maturity 4 year, 100 face value, coupon 5%, and yield 5%. Compute a dollar duration numerically using a dy =0.001%. Recall

Consider a bond with maturity 4 year, 100 face value, coupon 5%, and yield 5%. Compute a dollar duration numerically using a dy =0.001%. Recall that $Dur is approximately equal to [P(y+dy)-P(y)]/dy when dy is small and P(y) is the price of the bond at the yield y. Report you result rounded to the closest integer and the correct sign.

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