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Intro You have a bond with a modified duration of 12.67 years currently. The convexity of the bond is 157. Attempt 1/3 for 10 pts.
Intro
You have a bond with a modified duration of 12.67 years currently. The convexity of the bond is 157.
Attempt 1/3 for 10 pts.
Part 1
In the event that the bond's yield changes from 8.4% to 9.5%, what will be the approximate percentage change in the bond's price? Enter your answer as a decimal number or with the percentage sign.
4 DECIMALS
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