Find the change in the bond price
Problem:
A bond investor is holding a five-year bond with a duration of 3.5 years.
Required:
Question: Find the change in the bond price when interest rate increases from 2% to 3%.
Note: Please show how you came up with the solution.
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Find the change in the bond price when interest rate increases from 2% to 3%. Note: Please show how you came up with the solution.
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