Question: CALCULATOR INSTRUCTIONS ONLY: Please show how to solve using the TI BAII PLUS (Not the Pro) Calculate the duration for a $1,000, 4year bond with

CALCULATOR INSTRUCTIONS ONLY: Please show how to solve using the TI BAII PLUS (Not the Pro)

Calculate the duration for a $1,000, 4year bond with a 4.5 percent annual coupon, currently selling at par.

Use the bonds duration to estimate the percentage change in the bonds price for a decrease in the market interest rate to 3.5 percent.

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