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7. A bond is trading at a price of 100 with a yield of 8%. If the yield increases by 1 basis point, the price
7. A bond is trading at a price of 100 with a yield of 8%. If the yield increases by 1 basis point, the price of the bond will decrease to 99.95. What is the modified duration of the bond?
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
