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Mark bought a bond with a face value of $1,000 6-Years maturity and with 10% Coupon Bond When Its Interest Rate (YTM) Is 15% ?

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Mark bought a bond with a face value of $1,000 6-Years maturity and with 10% Coupon Bond When Its Interest Rate (YTM) Is 15% ? Calculating the bond Duration? What is the relationship between bond Duration and YTM? Calculate the change in the bond price if the interest rate increased to 16%

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