A bond was trading at 900 when interest rates were at 4
A bond was trading at $900 when interest rates were at 4% yesterday. Rates increased to 4.1% today causing the price to drop $18. Calculate the bond price elasticity for this $1000 par value bond.
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a bond was trading at 900 when interest rates were at 4 yesterday rates increased to 41 today causing the price to drop
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