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The question is already answered but I don't want it in excel, I want to know the steps so I can understand it please show

The question is already answered but I don't want it in excel, I want to know the steps so I can understand it please show the steps

Question #2 A non-callable bond with 192 months remaining maturity has a semi-annual coupon of 5.5% and a $1,000 par value. The yield to maturity on the bond is 4.8%. Which of the following is closest to the estimated price change of the bond using duration if rates rise by 75 basis points?

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