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You own the bond below and interest rates change day over day. Estimate the new price of the bond (tomorrow) after the given yield change.
You own the bond below and interest rates change day over day. Estimate the new price of the bond ("tomorrow") after the given yield change. Use only the information given.
- Current Price: 92
- Modified Duration: 15.9 yrs
- Est Yield Change: 0.7%
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
