An investor holds a security with duration of 14.4. When the investor purchased the security, its yield to maturity was 5%. Shortly after purchase, the yield to maturity increased 6%. The approximate change in price after the change in yield to maturity is_
An investor holds a security with duration of 14.4. When the investor purchased
the security, its yield to maturity was 5%. Shortly after purchase, the yield to maturity increased 6%. The approximate change in price after the change in yield to maturity is_
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