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What is the duration for the following bond with annual payments? Years to Mat 3 Yield to Mat 0.055 Coupon 0.105 Par 1000 Group of
What is the duration for the following bond with annual payments? Years to Mat 3 Yield to Mat 0.055 Coupon 0.105 Par 1000 Group of answer choices 2.3895 2.5090 2.2634 2.7415 2.6275
A bond has a modified duration of 12.79 and has a YTM of 0.095 when interest rates change by 80 basis points. What is the expected change in price for the bond given this information?
-0.1023
-0.1153
-0.1104
-0.0980
-0.1060
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