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Aleonysh [2.5K]
3 years ago
13

You own a bond that has a duration of 7 years. Interest rates are currently 8%, but you believe the Fed is about to increase int

erest rates by 28 basis points. Your predicted price change on this bond is ________.
a. +1.81%
b. +6.48%
c. −6.48%
d. −1.81%
Business
1 answer:
qaws [65]3 years ago
7 0
The answer could be D but if not then it has to be C
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