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Please answer Question # 63 and show work. A bond has a modified duration of 5.87 years, a par value of $1,000, and a current

Please answer Question # 63 and show work.

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A bond has a modified duration of 5.87 years, a par value of $1,000, and a current market value of $1,008. What is the dollar value of an 01? A. $0.0698 B. $0.0700 C. $0.5917 D. $0.6401 E. $0.7023 64. Correlation is the: A. squared measure of a security's total risk. B. extent to Which the returns on two assets move together. C. measurement of the systematic risk contained in an asset. D. daily return on an asset compared to its previous daily return. E. spreading of an investment across a number of assets

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