Multiple Choice
An 8%, 15-year bond has a yield to maturity of 10% and duration of 8.05 years. If the market yield changes by 25 basis points, how much change will there be in the bond's price?
A) 1.83%
B) 2.01%
C) 3.27%
D) 6.44%
Correct Answer:
Verified
Correct Answer:
Verified
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