Question
If interest rates rise 5% and if you own a bond with a maturity of 10years and a duration of 5with a 5% yield your
If interest rates rise 5% and if you own a bond with a maturity of 10years and a duration of 5with a 5% yield your bond price will change by approximately what percentage amount?
A- up 5%
b- down 5%
c- down 2.5%
d- up 5%
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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