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Question
A 30-year zero coupon bond with a face value of $10,000 is currently selling for $2,313.77. Using the bond's modified duration, what is the approximate change in the price of the bond if interest rates rise by 15 basis points?a. -15.00%
b. -4.29%
c. -0.43%
d. -0.15%
e. Not enough information is given to answer the question.
Answer
This answer is hidden. It contains 229 characters.
Related questions
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