You have discovered that when the required rate of return on a bond you own fell by

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You have discovered that when the required rate of return on a bond you own fell by 0.50 percent from 9.75 percent to 9.25 percent, the fair present value rose from $975 to $995. The bond pays interest annually. What is the duration of this bond?

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Financial Markets And Institutions

ISBN: 9781264098729

8th Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Oct 19, 2022 06:42 AM

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You have discovered that when the required rate of return on a bond you own fell by

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Financial Markets And Institutions

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