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Using the elasticity approach, the change in the price of a $500 000 60-day bank accepted bill when the yield increases from 6% to 10%
Using the elasticity approach, the change in the price of a $500 000 60-day bank accepted bill when the yield increases from 6% to 10% would be
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-$805.93
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-$3223.78
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$3223.78
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None of the above
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