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Tangerine County currently has 2,000,000 of financial assets with an average duration of 11 at the current market interest rate of 6%. Using the
Tangerine County currently has 2,000,000 of financial assets with an average duration of 11 at the current market interest rate of 6%. Using the duration formula, estimate the percentage change in the value of Tangerine County's assets if market interest rates go down by 1% (from 6% to 5%). O 10.38% O 10.48% O 10.57% O 10.29%
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
8th Edition
1285190904, 978-1305176348, 1305176340, 978-1285190907
