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Question 1 0 out of 100 points Using the following formula dP -1 dR (4 ) *D*P With dP: Change in the Present Value of

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Question 1 0 out of 100 points Using the following formula dP -1 dR (4 ) *D*P With dP: Change in the Present Value of the bond dR: Change in the Rate R: Initial rate D: Duration of the Bond P: Initial Present Value of the Bond Calculate the Change in the Rate of a Bond, if the Price of the bond increases in 12. dP= 12 R = 15% D= 6 Years P= 1045

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