Question: 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

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 value of the bond will be approximately _________.

Multiple Choice

$1,073.82

$1,075.00

$1,084.89

$1,076.18

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