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A bond has a Macaulay's duration of 26.56 years. If yields rise from 6.25% to 6.50%, the bonds price will: A increase by approximately 6.25%.

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A bond has a Macaulay's duration of 26.56 years. If yields rise from 6.25% to 6.50%, the bonds price will: A increase by approximately 6.25%. B decrease by approximately 6.25%. increase by approximately 6.50%. D decrease by approximately 6.50%. A bond has a Macaulay's duration of 10.7 years. If yields fall from 7% to 6%, the bonds price will A increase by approximately 1%. B decrease by approximately 1%. increase by approximately 10%. decrease by approximately 10%. Given the order bookfor ABC Limited, Orders to buy Orders to sell Price Quantity Price Quantity 2.00 10000 2.10 3000 1.95 5000 2.15 20000 1.90 5000 2.20 10000 Suppose a limit order arrives to buy 3000 shares at $2.15. At what price will the trade occur? (Assume no new orders arrive after the limit order.) A $2.1 $2.15 $2.2 Uncertain as no trade will occur

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