A 10-year bond has a yield of 5% and a duration of 6.5 years. If the...
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A 10-year bond has a yield of 5% and a duration of 6.5 years. If the market yield decreases by 25 basis points, what is the percentage change in the bond's price? A) -0.25% B) -1.53% C) +1.53% D) +0.25% E) Either B or C A 10-year bond has a yield of 5% and a duration of 6.5 years. If the market yield decreases by 25 basis points, what is the percentage change in the bond's price? A) -0.25% B) -1.53% C) +1.53% D) +0.25% E) Either B or C
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