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Consider the following bond Face Value = $ 1 , 0 0 0 Bond Price = $ 1 , 0 0 0 YTM = 4
Consider the following bond
Face Value $
Bond Price $
YTM
Duration
You anticipate interest will rise to Using the bond's duration, what is the forecasted dollar value change in the price of the bond?
Choose the closest correct answer below. Note: Answers may be slightly different due to rounding!
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