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e. ABC Bank has a AAA-rated, 15-year zero-coupon bond with a face value of $400 million. The yield to maturity (YTM) on the bond is

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e. ABC Bank has a AAA-rated, 15-year zero-coupon bond with a face value of $400 million. The yield to maturity (YTM) on the bond is currently 9.5 percent i) What is the modified duration of this bond? ii) What is the price volatility if the potential adverse move (change) in yield is 25 basis points

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