Which one of the following par value 12% coupon bonds experiences a price change of...
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Finance
Which one of the following par value 12% coupon bonds experiences a price change of $30when the market yield changes by 40 basis points? (1 basis point = 0.01% = 0.0001)
A.
The bond with a duration of 6 years.
B.
The bond with a duration of 2.7 years.
C.
The bond with a duration of 5.15 years.
D.
The bond with a duration of 8.4 years.
E.
None of the above.
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