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Consider a zero-coupon bond with 20 years to maturity. The amount that the price of the bond will change if its yield to maturity decreases
Consider a zero-coupon bond with 20 years to maturity. The amount that the price of the bond will change if its yield to maturity decreases from 7% to 5% is closest to:
a. | $53 | |
b. | $673. | |
c. | $118. | |
d. | -$53 | |
e. | $111. |
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