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Question
A bond has a modified duration of 7.22 and a yield to maturity of 8.1 percent. If interest rates increase by 75 basis points, the bond's price will decrease by _____ percent.A. -0.46
B. -0.54
C. -4.60
D. -5.42
E. -6.18
Answer
This answer is hidden. It contains 53 characters.
Related questions
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