This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sect
1 answer:
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Answer:
Option E (143) is the appropriate solution.
Explanation:
According to the question,
The modified duration will be:
=
=
=
The percentage change in price will be:
=
= (%)
Now,
The EMOD will be:
=
= ($)
Or,
The EMAC will be:
=
= ($)
Hence,
⇒
⇒