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You have purchased GOI security for Rs 5000. The security is having a duration of five years. The market interest rates attached to the comparable
You have purchased GOI security for Rs 5000. The security is having a duration of five years.
The market interest rates attached to the comparable securities are 8% p.a.
The markets are expecting the interest rates to decline by 1.5% p.a.
What is the likely change in the market price of the security?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
