Question
A nine-year bond has a yield of 10% and a duration of 6.285 years. If the bond's yield increases by 50 basis points (i.e., 0.5%),
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
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