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The duration of a bond is 5 years and its YTM is 10%. What will be the change in the price of the bond for
The duration of a bond is 5 years and its YTM is 10%. What will be the change in the price of the bond for a 1% change in the interest rate?
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
