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Problem A bond has duration of 20 years. The price of the bond = $900. Yield to maturity = 5%. If the rate (yield to

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Problem A bond has duration of 20 years. The price of the bond = $900. Yield to maturity = 5%. If the rate (yield to maturity) falls from 5% to 4%, calculate: 1- The percentage change in the bond's price 2- The change in the bond's price 3- The new bond price

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