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Business, 16.03.2022 14:00 zoey130

A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. a) Find the price of the bond if ytm falls to 7% (use financial calculator or spreadsheet).

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A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) durat...
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