Question
An eight-year bond has a yield of 10% and a duration of 7.208 years. If the bond's yield decreases by 50 basis points what is
An eight-year bond has a yield of 10% and a duration of 7.208 years. If the bond's yield decreases by 50 basis points what is the percentage change in the bonds price?
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
