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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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
Transcribed Image Text:A bond is priced at 1169 and has a YTM of
0.055 when interest rates suddenly change by
-80 basis points. The bond's price changes to
1213
Calculate the duration for this bond.
5.2292
4.9636
O 5.9067
O 5.7454
5.5295
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