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An 8% 30year bond has a yield to maturity of 10% and a modified duration of 8 years If the market yield drops by 15 basis points there will be a in the bond's price Select one

An 8%, 30-year bond has a yield to maturity of 10% and a modified duration of 8 years. If the market yield drops by 15 basis points, there will be a ___ in the bond's price. Select one a. 1.15% decrease b. 2.43% decrease c. 1.2% increase d. 3.33% decrease e. 1.53% increase
 

Apr 17 2020 View more View Less

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