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Consider a 6% annual coupon bond with $ 1,000 face value and 4 years to maturity

Finance

Consider a 6% annual coupon bond with $ 1,000 face value and 4 years to maturity. If the price of the bond is 966.13 TL for a yield up to 7% maturity, what will be the approximate price foreseen according to its duration when the yield decreases to 6.5%?

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