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Mathematics, 22.08.2019 23:30 Kekkdkskdkdk

An asset in the market is priced at 12,750 with an annual effective yield rate of 4.5%. the modified duration of the asset is y. garen uses the first-order macaulay approximation to estimate the price of the asset if the yield rate were to decrease by 200 basis points. the result is 15,550. calculate y.

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An asset in the market is priced at 12,750 with an annual effective yield rate of 4.5%. the modified...
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