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Question
A bond has a modified duration of 5.87 years, a par value of $1,000, and a current market value of $1,008. What is the dollar value of an 01?A. $0.0698
B. $0.0700
C. $0.5917
D. $0.6401
E. $0.7023
Answer
This answer is hidden. It contains 45 characters.
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