What is duration of bond

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Question - A X%, $1000 bond redeemable at par after 4 years is trading in market. Market yield rate is 10 %. Interest is payable on semiannual basis. What is value of bond? a) What is duration of bond b) What is change on price if interest rates increases by 1 % c) What is change on price if interest rates decreases by 2 % * use last digit of your SAP ID as coupon rate of bond if it is zero then use the second last digit.

Reference no: EM133005124

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