A government bond currently carries a YTM of 9% and a market price of $101.79. If...

A government bond currently carries a YTM of 9% and a market price of $101.79. If the bond pays semi-annual coupon of 10% for 2 years,

What is its duration?
What would be new price if the interest rates decrease from 9% to 8%?

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jeff jeffy answered 1 year ago

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