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A firms bond has a modified duration of 3.7% and current price of 102.00. If the market yield (rate) then moves from 4% to 6
A firms bond has a modified duration of 3.7% and current price of 102.00. If the market yield (rate) then moves from 4% to 6 %, what will be the new price of the bond?
98.23
94.45
105.77
109.55
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