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A bond possesses a duration of 582 years suppose that

Question: A bond possesses a duration of 5.82 years. Suppose that market interest rates on com-parable bonds were 7 percent this morning, but have now shifted upward to 7.5 per-cent. What percentage change in the bond's value occurred when interest rates moved 0.5 percent higher?

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Finance Basics: A bond possesses a duration of 582 years suppose that

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