A bond has a duration of 3.817 years, a yield of 5.985% pa and a price of

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A bond has a duration of 3.817 years, a yield of 5.985% pa and a price of $109.621614

per $100 par value. If the yield changes to 5.885% pa then the new price per $100 par

value will be approximately:

a.$109.5821

b.$109.6611

c.$110.0164

d.$113.5696

e. $114.5921

Posted Date: May 18, 2024 09:17 PM

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A bond has a duration of 3.817 years, a yield of 5.985% pa and a price of

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