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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 that

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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 that $Dur is approximately equal to [Ply+dy)-P(y)]/dy when dy is small and Py) is the price of the bond at the yield y

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