An analyst gathers the following information about a bond currently trading at 95.35 per 100 par:
Benchmark Yield | Bond Price
3.50% | 99.50
4.00% | 95.35
4.50% | 92.25
The effective duration of the bond is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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An analyst gathers the following information about a bond currently trading at 95.35 per 100 par: