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A 7%, 14-Year Bond Has a Yield to Maturity of 6

Question 73

Multiple Choice

A 7%, 14-year bond has a yield to maturity of 6% and duration of 7 years. If the market yield changes by 44 basis points, how much change will there be in the bond's price?


A) 1.85%
B) 2.91%
C) 3.27%
D) 6.44%

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