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(Solved): A bond has a duration of 6 years and a yeld to maturity of 8%, If the market interest rate increases ...
A bond has a duration of 6 years and a yeld to maturity of 8%, If the market interest rate increases by 0.50%, what will be the approximate percentage change in the bond's price?
A -2.50%
b-3.00%
C 3.50%
d 4.00%