5 A bond has a price of 101 (percent of par), its yield to maturity is 7 , and its modified duration is 8 Use the modified duration to estimate the new price of the bond if yields a increase by 0 25 (5 points) b decrease by 0 25 (5 points) A B 5 A bond has a price of 101 (percent of par), its yiel...

The modified duration is used to estimate the percentage change ...

5. A bond has a price of 101 (percent of par), its yield-to-maturity is 7%, and...

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Essentials of Investments

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5. A bond has a price of 101 (percent of par), its yield-to-maturity is 7%, and...

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