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A bond currently sells for $1,010, which gives it a yield to maturity of 4%. Suppose that if the yield increases by 30 basis points,
A bond currently sells for $1,010, which gives it a yield to maturity of 4%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $980. What is the duration of this bond?
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
