If the market interest rate changes from 10 to 102 how much
Given a bond price of par (with a face amount of $1,000), Semi-annual interest payments of $50, and McCauley's duration of 8.5 years. If the market interest rate changes from 10% to 10.2%, how much will the bond's price change?
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given a bond price of par with a face amount of 1000 semi-annual interest payments of 50 and mccauleys duration of 85
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