15. Consider a bond with a 3.5-year duration. If its yield-to-maturity increases from 8.0% to 8.3%, what
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15. Consider a bond with a 3.5-year duration. If its yield-to-maturity increases from 8.0% to 8.3%, what is the expected percentage change in the price of the bond?
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Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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