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Business, 18.12.2019 03:31 GreenHerbz206

You own a fixed-income asset with a duration of five years. if the level of interest rates, which is currently 8%, goes down by 10 basis points, how much do you expect the price of the asset to go up (in percentage terms)? (input the value as a positive value. do not round intermediate calculations. round your answer to 2 decimal places.

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You own a fixed-income asset with a duration of five years. if the level of interest rates, which is...
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