Question: 4 points Save Answer QUESTION 34 A bond currently has a price of S1,100. The yield on the bond is 6%. If the yield decreases

4 points Save Answer QUESTION 34 A bond currently has a price of S1,100. The yield on the bond is 6%. If the yield decreases 50 basis points, the price of the bond will go up to $1,120. The Macaulay duration of this bond is years. A. 4.09 B. 3.68 C. 3.64 D. 3.85

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