An seven-year bond has a yield of 8 and a duration of 7212


A(n) seven-year bond has a yield of 8% and a duration of 7.212 years. If the bond's yield increases by 40 basis points, what is the percentage change in the bond's price?

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Financial Management: An seven-year bond has a yield of 8 and a duration of 7212
Reference No:- TGS01227140

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