A Bond with a 9-Year Duration Is Worth $1,080

question 73

Multiple Choice

A bond with a 9-year duration is worth $1,080.00 and its yield to maturity is 8%.If the yield to maturity falls to 7.84%,you would predict that the new value of the bond will be _________.

• A) $1,035
• B) $1,036
• C) $1,094
• D) $1,124

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