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Use the quick formula to find the approximated duration from a 10 basis point change in yield, note you will need to find the change
Use the quick formula to find the approximated duration from a 10 basis point change in yield, note you will need to find the change in the price up and down using the bond pricing formula. (4 digits after the decimal).
Bond ABC | |
Coupon | 4.00% |
Yield to maturity | 3.00% |
Maturity (years) | 6 |
Par | $100.00 |
Price per par | $105.4538 |
Face value | 1000 |
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