Calculate the duration of an eight percent coupon bond

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Problem (a) Calculate the duration of an 8 percent coupon bond with a 3-year maturity and a face value of $1000 when the YTM on similar bonds is 6%

Problem (b) What does the Bond sell for today?

Problem (c) What will be the percentage change in the Bond price if interest rates rise by 1 percent?

Reference no: EM132945113

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