A 1000 bond that pays annual coupons at 45 redeems at par
A $1000 bond that pays annual coupons at 4.5% redeems at par in exactly 3 years from now. If the yield to maturity is currently 5%, calculate the price change (?P), predicted by modified duration, for a 100 basis point decrease in yield.
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a 1000 bond that pays annual coupons at 45 redeems at par in exactly 3 years from now if the yield to maturity is
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