Business, 21.06.2021 20:10 kreshnikolloma

You own a bond that has a duration of 7 years. Interest rates are currently 8%, but you believe the Fed is about to increase interest rates by 28 basis points. Your predicted price change on this bond is . a. +1.81%
b. +6.48%
c. −6.48%
d. −1.81%

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You own a bond that has a duration of 7 years. Interest rates are currently 8%, but you believe the...

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