Business, 30.03.2020 17:26 tlperez1230
Consider a bond with a coupon of 5.2 percent, eight years to maturity, and a current price of $1,053.10. Suppose the yield on the bond suddenly increases by 2 percent. a. Use duration to estimate the new price of the bond. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers: 1
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Consider a bond with a coupon of 5.2 percent, eight years to maturity, and a current price of $1,053...
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