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estimate the percentage change in price of a bond using the duration estimate with the convexity correction for a 3.5% rise in market yields (rounded
estimate the percentage change in price of a bond using the duration estimate with the convexity correction for a 3.5% rise in market yields (rounded % three places after the decimal). The bond has a YTM of 8%, duration of 2.355 years, and convexity of 6.922 years square.
Correct answer is -7.533 but how did you get it?
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