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please show all steps Up and Coming Yoga Corp has an outstanding bond issue that is currently selling for $945.55. The bond pays a semi-annual
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Up and Coming Yoga Corp has an outstanding bond issue that is currently selling for $945.55. The bond pays a semi-annual coupon at an annual rate of 8.55% and matures in 19 years. Using approximate formulas, what is approximate duration and convexity of this bond? Using duration and convexity measures you computed, calculate the change inprice of this bond if the yield goes up by 30 basis pointsStep by Step Solution
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