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A 17-year zero coupon bond with a face value of $1,000 is currently selling for $47.1. Using the bond's modified duration, what is the approximate
A 17-year zero coupon bond with a face value of $1,000 is currently selling for $47.1. Using the bond's modified duration, what is the approximate %age change in the price of the bond if interest rates rise by 86 basis points? Please write the answer in Three decimal places and NOT PERCENTAGE. 
A 17-year zero coupon bond with a face value of $1,000 is currently selling for $47.1. Using the bond's modified duration, what is the approximate "age change in the price of the bond if interest rates rise by 86 basis points? Please write the answer in Three decimal places and NOT PERCENTAGE
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Basic Finance An Introduction To Financial Institutions, Investments And Management
Authors: Herbert B Mayo
9th Edition
0324322291, 9780324322293
