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Business, 17.08.2021 21:50 backkennedi

A 3-year bond with a yield of 2% has a (Macaulay) duration of 2.5. What will be the percentage change in the price of the bond if the yield increases to 2.2% based on the duration approximation

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A 3-year bond with a yield of 2% has a (Macaulay) duration of 2.5. What will be the percentage chang...
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