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7. A bond currently sells for $99.50, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 50 basis
7. A bond currently sells for $99.50, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 50 basis points, the price of the bond falls to $97.75. What is the Macauley duration of this bond?
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
