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A bond is currently priced at $102. The duration measure for this same bond is 5. If interest rates increase by 1.5%, what will be
A bond is currently priced at $102. The duration measure for this same bond is 5. If interest rates increase by 1.5%, what will be the new price of the bond?
$94.35
$107.50
$109.50
$109.65
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
