Question: A bond with a 9 - year duration is worth $ 1 , 0 7 5 , and its yield to maturity is 7 .

A bond with a 9-year duration is worth $1,075, and its yield to maturity is 7.5%. If the yield to maturity falls to 7.39%, you would predict that the new (select the closest answer.)
Multiple Choice
$1,084.89
$1,075.00
$1,076.18
$1,073.82
 A bond with a 9-year duration is worth $1,075, and its

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