Question: Using the duration from Problem 18-1, determine a. The modified duration b. The percentage change in the price of the bond if r changes 0.50

Using the duration from Problem 18-1, determine

a. The modified duration

b. The percentage change in the price of the bond if r changes 0.50 percent.

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The duration as calculated in Problem 181 is 267 years Modified duration 2671045 25... View full answer

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