A bond has an approximate modified duration of 2250 and an, Ask an Expert

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A bond has an approximate modified duration of 22.50 and an approximate convexity of 440.00. The interest rate decreases by 1.00%. Based on duration and convexity, what is the estimated percentage increase in the bond’s full price? (percent, xx.xx without a percent sign)

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Financial Management, Finance

Category:- Financial Management
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