Question: Please solve and show work! Use the quick formula to find the approximated duration from a 10 basis point change in yield, note you will

Please solve and show work! Use the quick formula to find the Please solve and show work!

Use the quick formula to find the approximated duration from a 10 basis point change in yield, note you will need to find the change in the price up and down using the bond pricing formula. (4 digits after the decimal). Bond ABC Coupon 3.0096 Yield to maturity 2.5096 Maturity (years) Par $100.00 Price per par $101.8920 Face value 1000

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