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Find the duration of a 5% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 5% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7 percent?
What is the duration if the yield to maturity increases to 8%?
What is the percentage change in the bonds price as predicted by the duration?
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