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Business, 05.05.2020 05:19 emily965692

Suppose that you use duration to approximate the changes in bond price. When interest rate goes up, the absolute value of duration approximation is than the absolute value of actual bond price changes. When interest rate goes down, the absolute value of duration approximation is than the absolute value of actual bond price changes. A. smaller, larger B. smaller, smaller C. larger, larger D. larger, smaller

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Suppose that you use duration to approximate the changes in bond price. When interest rate goes up,...

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