Bond G sells for 876.50. Its yield is 7.60% and duration 8 years. Based on...
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Bond G sells for 876.50. Its yield is 7.60% and duration 8 years. Based on the duration, what is the approximate new $ price after yields suddenly drop to 6.80%? (rounded to two decimal places)
a.$932.60
b.None of the other choices
c.$926.64
d.$928.63
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