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A five-year bond, with a yield to maturity (YTM) of 11% (continuously compounded), pays an 8% coupon at the end of each year. The bond

A five-year bond, with a yield to maturity (YTM) of 11% (continuously compounded), pays an 8% coupon at the end of each year. The bond price is R86.80 and the duration 4.256. What effect will an incre...

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