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Question 5 3 pts An 5% annual coupon bond with (face value = 8,000) currently trades at par. Its Macaulay duration is 5.29 years and

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Question 5 3 pts An 5% annual coupon bond with (face value = 8,000) currently trades at par. Its Macaulay duration is 5.29 years and its convexity is 62.57. Suppose yield goes from 5.76% to 2.59% one day. Calculate the approximate dollar change in price using both duration and convexity. Assume annual compounding. Round your answer to 2 decimal places

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