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correct answer? What will be the approximate percentage change in the price of a bond with a modified duration of 9.0 years, which is trading
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What will be the approximate percentage change in the price of a bond with a modified duration of 9.0 years, which is trading at a yield of 8.9%, if there is a 1 basis point increase in the yield? Select one: a. 0.0900% b. -0.0900% I C. 0.0826% Cd. -0.0826%Step by Step Solution
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
