Good Day, Please assist with the following: You own a bond that is currently selling for R985.00 and has a duration of 3.5 years. Current market…
Good Day, Please assist with the following:
You own a bond that is currently selling for R985.00 and has a duration of 3.5 years. Current market interest rates are 10%. If market interest rates decrease to 9%, what would you expect to happen to the price of the bond?
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