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linv08 linv08
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2 years ago
A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The change in the level of the market interest rate is 0.47%. The modified duration is ________ and the percentage change in price is ________.

▸ 9.4 years; -.47%

▸ 14. years; 4.7%

▸ 18.29 years; -8.6%

▸ 18.29 years; 8.6%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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elixy19elixy19
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linv08 Author
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2 years ago
Helped a lot
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You make an excellent tutor!
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this is exactly what I needed
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