A) Find the duration and modified duration of a 6% coupon, $1,000 Par Value bond...
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A) Find the duration and modified duration of a 6% coupon, $1,000 Par Value bond making annual coupon payments if it has four years until maturity and a yield to maturity of 8%. B) Compute the projected change in the price of this bond if the yield to maturity decreases 100 basis points (1.0%).
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