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WILL UPVOTE A bond has a duration of 7, a yield-to-maturity of 4.95%, and convexity of 79.02. If the current bond's price is $1,101.06 what
WILL UPVOTE
A bond has a duration of 7, a yield-to-maturity of 4.95%, and convexity of 79.02. If the current bond's price is $1,101.06 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.69%? State your answer as a dollar amount with two decimal placesStep by Step Solution
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