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YTM is 6%, if the interest rates go up by 0.5% how much the price change will be? Duration = 2.8334. Please use formula from

YTM is 6%, if the interest rates go up by 0.5% how much the price change will be? Duration = 2.8334.

Please use formula from photo. Because my answer does not match with professor answer.

- -. (1)

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