A bond has a duration of 6.954 and the current yield-to-maturity is 4.97%. If the current bond's

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A bond has a duration of 6.954 and the current yield-to-maturity is 4.97%. If the current bond's price is $1,170.74.

What is predicted to be the bond's new price if interest rates suddenly jump upwards by 0.53%?

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Essentials of Investments

ISBN: 978-0077835422

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Posted Date: Jun 13, 2023 02:36 AM

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A bond has a duration of 6.954 and the current yield-to-maturity is 4.97%. If the current bond's

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The new price of the bond can be calculated using the bon... View the full answer

Essentials of Investments

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