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A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield decreases 25 basis points, the price
A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield decreases 25 basis points, the price of the bond will go up to $1,080. The duration of this bond is years. 9.02 O 7.46 8.08 12.11
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
