A bond matures in 25 years, has a 18 year duration and a yield to maturity of 7 Calculate (1) its modified duration (using formula) (2) the percentage change in the bond price, when the yield increases by 0 5 Show your calculation and then explain your answer briefly A bond matures in 25 years, ha...

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A bond matures in 25 years, has a 18 year duration and a yield to maturity...

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Investment Analysis and Portfolio Management

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A bond matures in 25 years, has a 18 year duration and a yield to maturity...

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Investment Analysis and Portfolio Management

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