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What is the market price AND duration of a $1,000 face value bond with 2 years to maturity and a coupon of 5% paid semi-annually?
What is the market price AND duration of a $1,000 face value bond with 2 years to maturity and a coupon of 5% paid semi-annually? Assume the annual discount rate is 4%. if market interest rates were to decline 1% what would be this bond's new price given the duration you just calculated?
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