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If a bond's duration is 7 years and interest rates increase by 1%, by approximately how much (in percentage terms)

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If a bond's duration is 7 years and interest rates increase by 1%, by approximately how much (in percentage terms) can we expect the bond's price to change?

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The approximate percentage change in a bond s price due View the full answer


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Advanced Accounting

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: September 25, 2023 05:09:30
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