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A Bond has a price P determined by interest rates r and time to maturity t by the following: P = e - r t
A Bond has a price determined by interest rates and time to maturity by the following:
You know that the interest rate is but unfortunately you forgot the exact maturity. You think it is years, but you are not sure. However, you feel confident that the is not off by more than
What is your absolute percent error in the bond price? Round to two decimal places
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