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Business, 06.03.2020 07:17 mathman783

The current price of a noncallable bond with annual coupons is $1,120.58,and the current annual yield is 4.25%. The modified durationD.:0425; 2/is3.58. Estimate the price of the bond if the yield increases to 4.4%. About whatwould the price be if the discount rate decreases to an annual effective rate of3.7%

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