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John Q. Investor purchased a semi-annual coupon-bearing Treasury at par. The duration was 17 years. Yield then rose 1% to 5.77%. Therefore, the price of
John Q. Investor purchased a semi-annual coupon-bearing Treasury at par. The duration was 17 years. Yield then rose 1% to 5.77%. Therefore, the price of the Treasury after the rate change is _____ %. (Express the price as a percentage of the face value. Round your answer to three places after the decimal. Just write the number and do NOT include the % sign |
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