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Please show calculation (not Excel) 7. A bond currently sells for $105, which gives it a yield to maturity of 6%. Suppose that if the

Please show calculation (not Excel) image text in transcribed

7. A bond currently sells for $105, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $102.50. What is the duration of this bond? ProfCF W hat

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