Question: 1. There is a 10%, 13 year note bond which has a ytm of 9%. The ytm alters by half a percent down. By how

1. There is a 10%, 13 year note bond which has a ytm of 9%. The ytm alters by half a percent down. By how much does the price alter? If the ytm drops by 3%, by how much does the price change, if the convexity is 40? Use formula to show work

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