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What is the effective duration answer should be a percentage - of this bond assuming a +/- 0.5% shock to the annualized yield to maturity
What is the effective duration answer should be a percentage - of this bond assuming a +/- 0.5% shock to the annualized yield to maturity (annualized discount rate):
Coupon=$40
10yrs to maturity
Cost of $950
Par value of $1,000
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