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Question 18 For a 20-year IBM bond. Risk free rates are 3% Credit spread is 3% What is the duration? If credit spreads narrow by

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Question 18 For a 20-year IBM bond. Risk free rates are 3% Credit spread is 3% What is the duration? If credit spreads narrow by 50 bps and risk free rates increase by 30 bps, what is the price? If risk free rates fall by 50 bps and credit spreads widen by 30 bps, what is the price? Question 18 For a 20-year IBM bond. Risk free rates are 3% Credit spread is 3% What is the duration? If credit spreads narrow by 50 bps and risk free rates increase by 30 bps, what is the price? If risk free rates fall by 50 bps and credit spreads widen by 30 bps, what is the price

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