Question: hello! need help with this question. Can anybody provide step by step with the calculations. thank you A bond is priced at $1,054.05 with a

hello! need help with this question. Can anybody provide step by step with the calculations. thank you

A bond is priced at $1,054.05 with a yield of 7.721 and a duration of 7.109 years. If interest rates increase by 1.118%, what will be the approximate new value of the bond? (Use the duration approximation formula to estimate.)

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