You calculated duration of a bond which was 3.5. If the interest rate of the bond...
You calculated duration of a bond which was 3.5. If the interest rate of the bond decreases by 1%, what happens to the price of the bond?
a. Decrease by $3.50
b. Decrease by 3.50%
c. Increase by 3.50%
d. Increase by $3.50
e. There is no change in price
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You calculated duration of a bond which was 3.5. If the interest
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