Question: Question 4 1 Consider a 20-year treasury note with $1000 face value, 3% coupon rate, and 2% yield to maturity. Suppose the yield goes down

Question 4 1 Consider a 20-year treasury note with $1000 face value, 3% coupon rate, and 2% yield to maturity. Suppose the yield goes down to 1.5%. Use the duration to approximate the change of the price of the note. What will be the (approximate) new price? h

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