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Consider you are holding a 7% Coupon rate bond with a face Value of $1,000 and a maturity of 2 years. The yield to Maturity

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Consider you are holding a 7% Coupon rate bond with a face Value of $1,000 and a maturity of 2 years. The yield to Maturity (YTM) is 12 % (50 marks) Calculate the price of the bond a. b. Calculate the Duration of the bond. Make sure to show your calculation and take 2 decimal points for all answers

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