A 9-year bond has a yield to maturity of 10 percent and a modified duration of 6.54

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A 9-year bond has a yield to maturity of 10 percent and a modified duration of 6.54 years. If the market yield changes by 50 basis points, what is the change in the bond's price?

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Investment

ISBN: 978-0073530703

9th edition

Authors: Zvi bodie, Alex kane, Alan j. marcus

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Posted Date: Jun 11, 2022 12:47 AM

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A 9-year bond has a yield to maturity of 10 percent and a modified duration of 6.54

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D654yrs Y10 p50 change in ... View the full answer

Investment

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