A nine-year bond has a yield-to-maturity of 10 percent and a modified duration of 6.54 years. If

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A nine-year bond has a yield-to-maturity of 10 percent and a modified duration of 6.54 years. If the market yield changes by 50 basis points, what is the change in the bond's price?

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Fundamentals Of Investments

ISBN: 9780072829198

3rd Edition

Authors: Charles J. Corrado

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Question Posted: May 30, 2024 10:01 AM

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A nine-year bond has a yield-to-maturity of 10 percent and a modified duration of 6.54 years. If

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a. b. c. d. 3.27 percent 3.66 percent 6.54 percent 7.21 percent

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Fundamentals Of Investments

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