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A ten-year bond has a yield of 13% and a duration of 7.209 years. If the bond's yield increases by 50 basis points, what is
A ten-year bond has a yield of 13% and a duration of 7.209 years. If the bond's yield increases by 50 basis points, what is the percentage change in the bond's price as predicted by the duration formula
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Monetary Policy Strategy
Authors: Frederic S. Mishkin
1st Edition
0262513374, 978-0262513371
