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You own a bond that has a modified duration of 6 years. Interest rates are currently 7 % but you believe the Fed is about

You own a bond that has a modified duration of 6 years. Interest rates are currently 7% but you believe the Fed is about to increase interest rates by 25 basis points. Your predicted percentage price change on this bond is .

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Financial Management for Decision Makers

Financial Management for Decision Makers

Authors: Peter Atrill, Paul Hurley

2nd Canadian edition

978-0138011604

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