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Please solve Question 18 A bond has an annual modified duration of 8.20 and annual convexity of 63.30. The bond's yield-to-maturity is expected to decline
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Question 18 A bond has an annual modified duration of 8.20 and annual convexity of 63.30. The bond's yield-to-maturity is expected to decline by 50 bps. The expected percentage price change is closest to: Selected Answer: -4.18% X C. Answers: 19.93% A. -19.93% B. -4.18% C. 4.18% D
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
