Consider a bond that yields 7.85%. If the dollar value of a basis point for...
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Consider a bond that yields 7.85%. If the dollar value of a basis point for this bond is $1,016.05 and the yield on the bond rises to 7.97%, what will be the approximate change in market value of $900,000.00 of the bond? Round the final answer to two decimal places, do not round intermediate calculations
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