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You have an 3.5% coupon Verizon corporate bond making annual coupon payments, there are three...

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Finance

You have an 3.5% coupon Verizon corporate bond making annual coupon payments, there are three years until maturity and the yield to maturity is 8%

a)Calculate the bond's price

B) Calculate duration

c) If you can choose from the bond above and a new bond with a duration 3.0 which would you prefer if you expect a yield increase of 0.25%

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