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Q3. For the bond in Q2 calculate the modified duration. What would be the change in the price of this bond if the market interest

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Q3. For the bond in Q2 calculate the modified duration. What would be the change in the price of this bond if the market interest rate increases by 5 percent. Answer the question using the Modified Duration. (30 MARKS) Q3. For the bond in Q2 calculate the modified duration. What would be the change in the price of this bond if the market interest rate increases by 5 percent. Answer the question using the Modified Duration. (30 MARKS)

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