A 9-year bond has a yield of 6 and a duration of 7982
A 9-year bond has a yield of 6% and a duration of 7.982 years. If the market yield changes by 35 basis points, what is the percentage change in the bond's price?
The percentage change in the bond's price is %? decrease or increase?
Now Priced at $10 (50% Discount)
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