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Given a bond with a 15-year maturity, 4% coupon rate, and sells at an initial value of 4%, create an excel table to calculate this
Given a bond with a 15-year maturity, 4% coupon rate, and sells at an initial value of 4%, create an excel table to calculate this bonds duration, modified duration and convexity.
a. If the bonds yield increases from 4% to 5%, find the percentage decrease of the bond using the approximation formula
b. If the bonds yield increases from 4% to 5%, find the percentage decrease of the bond using the duration with convexity formula
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