Consider a 10-year bond with current price of $98.2 and a duration of 9.1 years....
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Accounting
Consider a 10-year bond with current price of $98.2 and a duration of 9.1 years. Suppose the yield on the bond is 6.2% per year with continuous compounding. What is the predicted change in the price (in dollars) of the bond if the yield increases by 0.5%?
(required precision: 0.01 +/- 0.01)
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