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Home Insert Draw Design Layout Referenc Mailings Review View Help B FFLINE COPY Document is in read-only mode. Edit Document Question text For the

Home Insert Draw Design Layout Referenc Mailings Review View Help B FFLINE COPY Document is in read-only mode. Edit Document Question text For the following bond, Par value: $1,000 Coupon rate: 8% paid annually Time to maturity: 3 years Interest rate: 2% If the interest rate increases from 2% to 3%, what is the price change due to the convexity?

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