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Example 4 . 5 For the bond in Table 4 . 6 , the bond price, B , is 9 4 . 2 1 3

Example 4.5
For the bond in Table 4.6, the bond price, B, is 94.213 and the duration, D, is 2.653, so that equation (4.15) gives
B=-94.2132.653y
or
B=-249.95y
When the yield on the bond increases by 10 basis points
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