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) $0.0698
B) $0.0700
C) $0.5917
D) $0.6401
E) $0.7023
Correct Answer:
Verified
Correct Answer:
Verified
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