Question: A zero - coupon bond with 4 years to maturity, trading for $ 9 1 6 . 9 6 and is expected to have it's

A zero-coupon bond with 4 years to maturity, trading for $916.96 and is expected to
have it's annual YTM jump by 1% when the Federal Reserve announces its rate
adjustments. What is the duration estimated price change (in dollars, $ ) when the
announcement is made?
Answer:
A zero-coupon bond with 4 years to maturity, trading for $916.96

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