Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Need typed answer only.Please give answer within 45 minutes
Transcribed Image Text:Assume u have a bond with
return of -3%. How much u think
the yield should move to have a
return of -3% if the duration of the
bond is 5?
+60 bps
-60 bps
+45 bps
-45 bps
please explain and show work
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