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A bond has a modified duration of 7.22 and a yield to maturity of 8.1 percent. If interest rates increase by 75 basis points, the
A bond has a modified duration of 7.22 and a yield to maturity of 8.1 percent. If interest rates increase by 75 basis points, the bond's price will decrease by
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
