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Question
Consider Example 18-11 and Table 18-1. Let's say the price is $950.00 rather $974.17 (so the YTM goes to 6.1% from 5.6%). What happens to duration?a. It increases substantially.
b. It increases only a little amount.
c. It decreases substantially.
d. It decreases only a little amount
Answer
This answer is hidden. It contains 77 characters.
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