Given the following information on a bond, if the interest rate decrease by 1% (that is from

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Given the following information on a bond, if the interest rate decrease by 1% (that is from 4% to 3%), what is the change in the price of the bond based on duration?

Current Market Price = $950

Duration = 8 years

Yield to Maturity = 4%

Posted Date: May 10, 2024 04:11 AM

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Given the following information on a bond, if the interest rate decrease by 1% (that is from

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