Question: You have a bond with a calculated duration = 17.76. The current price of this bond is $96.97 with the discount rate = 3%.

You have a bond with a calculated duration = 17.76. The current price of this bond is $96.97 with the discount rate = 3%. What will be the new price of the bond if interest rates rise 0.77%? 83.71 84.0954 margin of error +/- 0.05

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