Question: Given a $1,000 face value bond that has a 8% annual coupon and 4 years to maturity with a current YTM of 10%, show that

Given a $1,000 face value bond that has a 8% annual coupon and 4 years to maturity with a current YTM of 10%, show that if this bond is held to Duration that the return is "immunized" against a subsequent 1% change in the YTM (increase and decrease).

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