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We can use duration to get a good estimate of the change in the price of a bond for a given change in yield. Is
"We can use duration to get a good estimate of the change in the price of a bond for a given change in yield."
Is this statement true or false? Explain.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
