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suppose the YTM of a three year 1.% coupon government bond increases from 0.745% to 0.76% use the modified duration to estimate the new price
suppose the YTM of a three year 1.% coupon government bond increases from 0.745% to 0.76% use the modified duration to estimate the new price of the bond ?
could someone give me a step by step and formula guide to answer this question :) thanks a lot
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