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QUESTION 16 A bond has a Macaulay's duration of 12.5 years. If rates rise from 5% to 6.5%, what will be the %age change bonds
QUESTION 16
A bond has a Macaulay's duration of 12.5 years. If rates rise from 5% to 6.5%, what will be the %age change bonds price?
put al working out dont use execl
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