Compute the duration and expected price change for a 12


Compute the duration and expected price change for a 1/2% increase in interest rates for the following bond: The par value of the bond is $1,000. The bond has 4 years to maturity with a 7 percent annual coupon rate. The yield to maturity is 8.53%.

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Financial Management: Compute the duration and expected price change for a 12
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