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    Exam 10: Bond Prices and Yields
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    A Bond Has a Modified Duration of 5
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A Bond Has a Modified Duration of 5

Question 67

Question 67

Multiple Choice

A bond has a modified duration of 5.87 years, a par value of $1,000, and a current market value of $1,008. What is the dollar value of an 01?


A) $.0698
B) $.0700
C) $.5917
D) $.6401
E) $.7023

Correct Answer:

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