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QUESTION O Assume there is a bond with a $1.000 par value and 10 percent coupon rate, three years remaining to maturity, and a 11

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QUESTION O Assume there is a bond with a $1.000 par value and 10 percent coupon rate, three years remaining to maturity, and a 11 percent yield to maturity. Then, the IRs changes and required rate of return increases to 129. Please estimate the percentage change in bond price by using the modified duration formula first. And then compare it to actual percentage change in price (Calculate also the actual price change.) Show all your steps clearly. (use x button to write math formulasif needed) TTTTA DDG WOWO ESTION 10 2 points

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