A bond currently has a price of 1 050 you own a bond that


Question: A bond currently has a price of $1, 050. You own a bond that has a duration of 10 years. Interest rates are currently 10%, but you believe the Fed is about to reduce interest rates by 25 basis points. What is your predicted price of the bond after the decline in interest rate?

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Finance Basics: A bond currently has a price of 1 050 you own a bond that
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