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(4p) a. Define duration. The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected to decrease by
(4p) a. Define duration.
The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected to decrease by 70 basis points. How will the bond be affected by this interest rate change?
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
