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CFA Level I 11. Yield-Based Bond Duration Measures and Properties question

Fixed Income / 11. Yield-Based Bond Duration Measures and Properties

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11. Yield-Based Bond Duration Measures and Properties sample question

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Fixed Income

11. Yield-Based Bond Duration Measures and Properties

A bond has a current full price of 100.75. If yields decrease by 20 bps, its price is 102.45; if yields increase by 20 bps, its price is 99.10. The approximate modified duration is closest to:

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