Consider a 56 percent coupon bond with ten years to
Consider a 5.6 percent coupon bond with ten years to maturity and a current price of $1,057.70. Suppose the yield on the bond suddenly increases by 2 percent. a. Use duration to estimate the new price of the bond. b. Calculate the new bond price.
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consider a 56 percent coupon bond with ten years to maturity and a current price of 105770 suppose the yield on the
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