What is the price of the bond now

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A 10-year maturity bond making annual coupon payments with a coupon rate of 10%, the bond currently sells at a yield to maturity of 12%.

Q. What is the price of the bond now at 8% ytm? What prices for the bond at these new yields would be predicted by the duration rule and the duration-with-convexity rule if f its yield to maturity falls to 9% or rises to 15%.?

Reference no: EM132774633

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