What is the new price of the bond if interest rates

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You find a bond with 15 years until maturity that has a coupon rate of 8.0 percent and a yield to maturity of 7.1 percent. Suppose the yield to maturity on the bond increases by .25 percent. 1. What is the new price of the bond using duration?

Estimated price $

Actual price $

What is the new price of the bond if interest rates increase by 1 percent?

Estimated price $

Actual price $

Reference no: EM131044770

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