Which one of the following par value 12% coupon bonds experiences a price change of...
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Finance
Which one of the following par value 12% coupon bonds experiences a price change of $30when the market yield changes by 40 basis points? (1 basis point = 0.01% = 0.0001)
| A. | The bond with a duration of 6 years. | |
| B. | The bond with a duration of 2.7 years. | |
| C. | The bond with a duration of 5.15 years. | |
| D. | The bond with a duration of 8.4 years. | |
| E. | None of the above. |
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