Question: Q13. For a 8-year discount bond with a face value of $1,000, if the interest rate changes from 8% to 12%, what's the new price

Q13. For a 8-year discount bond with a face value of $1,000, if the interest rate changes from 8% to 12%, what's the new price of the bond using Duration with Convexity? A. $404.87 B. 405.87 C. 406.87 D. 407.87 E 408.87

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