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If you have a 4 year bond making annual payments with a coupon rate of 10% and a market/discount rate of 9.5%, what is the estimated price change if the market rate increases to 9.8%? Round to 2 decimal places. (Hint: calculate modified duration. If your answer is a half percent price increase enter 0.50)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91787799

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