Consider a 7% coupon bond with five years to maturity trading currently at $100 and making annual
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Consider a 7% coupon bond with five years to maturity trading currently at $100 and making annual payments. Find the bond’s prices for a 100 basis points increase and 100 basis points decrease in the yield. Obtain the bond’s duration and interpret the result.
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Related Book For 
Understanding Investments Theories And Strategies
ISBN: 9780367461904
2nd Edition
Authors: Nikiforos T. Laopodis
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