A bond currently sells for 1040 which gives it a yield to, Ask an Expert

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A bond currently sells for $1,040, which gives it a yield to maturity of 8%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $995. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92328422

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