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Suppose an investor purchases at par value a $1,000 bond that is paying 8% interest semiannually, with a 8 year maturity and a 7.5 year
Suppose an investor purchases at par value a $1,000 bond that is paying 8% interest semiannually, with a 8 year maturity and a 7.5 year duration. If the required rate was 8% and it is projected to increase by 50 basis points. What is the predicted new bond price after the interest Prate changes
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