An nine-year bond has a yield of 10 and a duration of 7207


A(n) nine-year bond has a yield of 10% and a duration of 7.207 years. If the bond's yield increases by 40 basis points, what is the percentage change in the bond's price? What is the bond price?

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Financial Management: An nine-year bond has a yield of 10 and a duration of 7207
Reference No:- TGS01416666

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