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A bond that pays 5% interest semiannually has a 6% required rate of return and a price of $1045. Annual interest rates are now projected
A bond that pays 5% interest semiannually has a 6% required rate of return and a price of $1045. Annual interest rates are now projected to increase by 80 basis points. The bond has a maturity 7 years and its duration is 5 years. What is the predicted new bond price after the interest rate change
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Commodity Market Trading And Investment
Authors: Tom James
1st Edition
1137432802, 978-1137432803
