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NGA National bank hold $15 million in gorvernement bond havingduration of 7 years. If interest rates suddenly rise from 6% to7%,what percentage change should occur

NGA National bank hold $15 million in gorvernement bond havingduration of 7 years. If interest rates suddenly rise from 6% to7%,what percentage change should occur in the bond's marketprice?What 1 answer

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