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A bond has an annual Macaulay duration of 4.0120, modified duration of 3.8764, and convexity of 18.9839. If the bond's yield to maturity decreases by
A bond has an annual Macaulay duration of 4.0120, modified duration of 3.8764, and convexity of 18.9839. If the bond's yield to maturity decreases by 80 bps, given the bond's duration and convexity, the predicted price change is closest to: Group of answer choices 3.10% 38.17% 37.09% 3.16% 3.27%
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Digital Finance Bits And Bytes The Road Ahead
Authors: Vasant Chintaman Joshi
1st Edition
