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You have a 25-year maturity, 9.5% coupon, 9.5% yield bond with a duration of 10 years and a convexity of 135.0. If the interest rate
You have a 25-year maturity, 9.5% coupon, 9.5% yield bond with a duration of 10 years and a convexity of 135.0. If the interest rate were to fall 120 basis points, your predicted new price for the bond (including convexity) is _________. |
$1,109.60
$1,099.88
$1,091.32
$1,119.30
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