A bond has duration of 55 years its current market price is, Ask an Expert

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A bond has duration of 5.5 years. Its current market price is $980. Interest rates in the market are 4 percent today. It has been forecasted that interest rate will rise to 5 percent over the next couple of weeks. How will the bond's price change in percentage terms?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91419811

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