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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Financial Management: A bond was trading at 900 when interest rates were at 4
Reference No:- TGS01732290

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