A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market

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A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, what is the percentage change in the bond’s price?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 07:56 AM

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A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market

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