Calculate the approximate duration of the bond

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(1) Calculate the duration of the bond paying an annual coupon rate: 8% (paying coupons semi-annually) with a 6% annual YTM. The bond's date of issuance is 1/1/2014; its date of maturity is 6/30/2016.and the par value is $100

(2) Calculate the approximate duration of the bond given a 10 bps change in the bond's yield to maturity.

Reference no: EM132652169

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