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An eight-year bond has a yield of 8% and a duration of 6.94 years. If the bond's yield increases by 40 basis points, what is
An eight-year bond has a yield of 8% and a duration of 6.94 years. If the bond's yield increases by 40 basis points, what is the percentage change in the bond's price as predicted by the duration formula?
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
