An investor wants to find the duration of a 25-year 8


An investor wants to find the duration of a 25-year, 8% semiannual pay, noncallable bond that's currently priced in the market at $901.19, to yield 9%. using a 50 basis point change in yield, Calculate new price of the bond if the market interest rate increases by 50 basis points((0.5%) find the effective duration this bond.

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Financial Management: An investor wants to find the duration of a 25-year 8
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