A bond has a YTM of 7.08% and a modified duration of 15.74 years. Assuming annual compounding, what is the approximate c

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answerhappygod
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A bond has a YTM of 7.08% and a modified duration of 15.74 years. Assuming annual compounding, what is the approximate c

Post by answerhappygod »

A bond has a YTM of 7.08% and a modified duration of 15.74
years. Assuming annual compounding, what is the approximate change
in the bond's price if market interest rates change by 0.29%?
Submit your final answer as a percentage rounded to two decimal
places (Ex. 0.00%).
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