What is the approximate change in the price of a bond

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Question: Estimate using duration, with a convexity of 40, what is the approximate change in the price of a bond that is: 7% 30 year bond paying a market rate of 7% if the yield alters by 2%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131970969

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