Question: AAA bond has a 1000 face value, 10% coupon rate paid quarterly, 8% YTM, and 16 semesters to maturity. Compute the bond duration if YTM

AAA bond has a 1000 face value, 10% coupon rate paid quarterly, 8% YTM, and 16 semesters to maturity.

Compute the bond duration if YTM moves uo and down by 88bp?

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