Question: could you help me answer this with it worked out please. Check my work A bond currently sells for $1,060, which gives it a yield

could you help me answer this with it worked out please.

Check my work A bond currently sells for $1,060, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 50 basis points, the price of the bond falls to $1,035. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) points Duration years Skipped eBook Print References

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