9-103 Calculate the Percentage Change in This Bond's Price If

question 93

Multiple Choice

9-103 Calculate the percentage change in this bond's price if interest rates on comparable risk securities decline to 7 percent.Use the duration valuation equation.

• A)+8.58 percent.
• B)+12.76 percent.
• C)-12.75 percent.
• D)+11.80 percent.
• E)+11.52 percent.

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