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QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the %age change bonds
QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the %age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE. 
QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE Step by Step Solution
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Basic Finance An Introduction To Financial Institutions, Investments And Management
Authors: Herbert B Mayo
9th Edition
0324322291, 9780324322293
