A bond has a Macaulay duration of 11 years and its yield increases from 8 percent to
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A bond has a Macaulay duration of 11 years and its yield increases from 8 percent to 8.5 percent. What will happen to the price of the bond?
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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