A 9-year bond has a yield of 135 and a duration of 863


A 9-year bond has a yield of 13.5% and a duration of 8.63 years. If the MARKET yield changes by 60 basis points, what is the percentage change in the bond’s price? Is this an increase or decrease?

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Financial Management: A 9-year bond has a yield of 135 and a duration of 863
Reference No:- TGS02160454

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