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A bond has an annual modified duration of 9.66 and annual convexity of 100. The bonds yield-to-maturity is expected to decrease by 50 basis points.
A bond has an annual modified duration of 9.66 and annual convexity of 100. The bonds yield-to-maturity is expected to decrease by 50 basis points. What is the expected percentage price change?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
