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You own a bond with a modified duration of 4.61 if interest rates fall 1.7% what is the predicted perentage price change? (please write
You own a bond with a modified duration of 4.61 if interest rates fall 1.7% what is the predicted perentage price change? (please write in decimal format so 15.2% should be wirtten 152) Please write percentage gains in positive numbers and percentage loses in negative numbers (with a sign in front) Please use 5 decimal places in your response
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
