Question: Please show work and explain answer Assume that a bond sells at $105.53 and its Modified duration is 6.84. Compute Dollar Duration. Answer with two

Please show work and explain answer

Assume that a bond sells at $105.53 and its Modified duration is 6.84. Compute Dollar Duration. Answer with two decimal digits accuracy and the correct sign. Example:-800.00 Assume that a bond sells at $105.53 and its Modified duration is 6.84. Compute Dollar Duration. Answer with two decimal digits accuracy and the correct sign. Example:-800.00

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