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Find the duration, modified duration, approx. value of the bond given a 1% and a 1/4% up or down change in rates. Check with the

Find the duration, modified duration, approx. value of the bond given a 1% and a 1/4% up or down change in rates. Check with the bond value calculation on your calculator. The bond is a $1000 par, 8% annual coupon bond with 5 years to maturity. The required rate of return on the bond is 9%.

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