khandon3503 khandon3503
  • 28-01-2024
  • Business
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An investment-grade bond with modified duration of 7 and reported convexity of 0.51 increases in price by 9.93 after a yield spread change. The value of the spread change would be closest to:
a. 0.045%
b. 0.51%
c. 0.93%
d. 1.41%

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