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The yield of a semiannual coupon bond with 6% coupon rate and 30 months to maturity is 9%. What are the price, duration, and convexity
The yield of a semiannual coupon bond with 6% coupon rate and 30 months to maturity is 9%. What are the price, duration, and convexity of the bond? Find the approximate price of the bond if the yield increases by 50 basis points.
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