A 100 par value bond paying a 6% coupon, matures in 4 years. This bond...
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Finance
A 100 par value bond paying a 6% coupon, matures in 4 years. This bond currently yields 3.50%. What is the price of the bond using Duration and Convexity if the yield falls to 3.00%? Use 100 par value in your calculation.
Round to 3 decimal places.
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