Solved: Find what is the duration of the bond, Microeconomics

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Find what is the duration of the bond

Problem

You have discovered that the price of a bond rose from $975 to $995 when the yield to maturity fell from 9.75 percent to 9.25 percent. What is the duration of the bond?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Find what is the duration of the bond

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Microeconomics: Find what is the duration of the bond

Reference No:- TGS02085482

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