Multiple Choice
A 4-year bond with a price of 100.696 exists.The duration on the bond is 3.674.If the yield rises from 5.8% to 6.2%,what is the new bond price as estimated by the duration?
A) $98.40
B) $99.30
C) $100.60
D) $101.40
Correct Answer:
Verified
Correct Answer:
Verified
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