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A 9-year bond has a yield of 5.5% and a duration of 7.523 years. If the market yield changes by 80 basis points, what is
| A 9-year bond has a yield of 5.5% and a duration of 7.523 years. If the market yield changes by 80 basis points, what is the percentage change in the bonds price? |
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
