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A bond currently sells for $1,140, which gives it a yield to maturity of 7%. Suppose that if the yield increases by 30 basis points,
A bond currently sells for $1,140, which gives it a yield to maturity of 7%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $1,120. What is the duration of this bond?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
