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A(n) eight-year bond has a yield of 9% and a duration of 7.204 years. If the bond's yield increases by 50 basis points, what is
A(n) eight-year bond has a yield of 9% and a duration of 7.204 years. If the bond's yield increases by 50 basis points, what is the percentage change in the bond's price?
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Climate Finance
Authors: Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk
1st Edition
081474138X, 978-0814741382
