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A bond currently has a price of $1,000, a yield of 5% and a Macaulay duration of 6 years. If the yield changes to 5.10%
A bond currently has a price of $1,000, a yield of 5% and a Macaulay duration of 6 years. If the yield changes to 5.10% what will be the new price (based on the duration approximation)?
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Accounting Ledger Book
Authors: Alpha Planners Publishing
1st Edition
B09VWKPJSG, 979-8432472564
