The current price of a bond is $114 72 and the current yield is 6 The modified duration of the bond is 7 02 Use the modified duration to estimate the new price of the bond if the yield increases to 6 10 , The current price of a bond is $114 72 and the current yield is 6 The modified duration of th...

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The current price of a bond is $114.72 and the current yield is 6%. The modified...

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Fundamentals of Investment Management

ISBN: 978-0078034626

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Authors: Geoffrey Hirt, Stanley Block

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