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Consider a three-year bond trading at $110.83 that pays a 10% coupon semi-annually and has a yield to maturity (YTM) of 6%. Calculate the duration

  1. Consider a three-year bond trading at $110.83 that pays a 10% coupon semi-annually and has a yield to maturity (YTM) of 6%.
    1. Calculate the duration of this bond.

b)What will be the final price if the YTM increases from 6% to 7%?

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