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To finance a new Fabrication plant in Arizona, TSM issued a 7 year, 3.5 % coupon bond with semi annual coupon payments. The current YTM
To finance a new Fabrication plant in Arizona, TSM issued a 7 year, 3.5 % coupon bond with semi annual coupon payments. The current YTM is 2.75% Whatis duration of this bond and how much will the price change if YTM goes up by 1% using duration approximation method?
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