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A $1,000 par value bond has a Macaulay's duration of 9.89 years. The bond's current yield to
maturity is 11.00% if the bond's yields to maturity decreases by 0.81%. what is the approximate
change in the bonds price baded on duration? Assume annual compounding. your answer as a
percentage rounded to two decimal places (Ex. 0.00%)

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A $1,000 par value bond has a Macaulays duration of 9.89 years. The.pdf

  • 1. A $1,000 par value bond has a Macaulay's duration of 9.89 years. The bond's current yield to maturity is 11.00% if the bond's yields to maturity decreases by 0.81%. what is the approximate change in the bonds price baded on duration? Assume annual compounding. your answer as a percentage rounded to two decimal places (Ex. 0.00%)