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Need help solving without excel A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has duration of 11.54 years and

image text in transcribedNeed help solving without excel

A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. If yield to maturity falls to 7%, what price would be predicted by the duration-with-convexity rule? $1,309.29 $1,295.34 $1,605.28 O $1,619.23

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