A 7%, 14-year bond has a yield to maturity of 6% and duration of 7...
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Finance
A 7%, 14-year bond has a yield to maturity of 6% and duration of 7 years. If the bond has a face value of $1000, what is the current price? If the market yield changes by 44 basis points, how much change will there be in the bond's price? What will be the estimated new price?
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