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If a bond's volatility is 5% and its yield to maturity changes by 0.5% (points) then the price of the bond: Please show work/explain changes
If a bond's volatility is 5% and its yield to maturity changes by 0.5% (points) then the price of the bond: Please show work/explain
changes by 5% | |
changes by 2.5% | |
changes by 7.5% | |
will not change |
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