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2) (2 pts) A bond has a YTM of 6.5%, a modified duration of 17.43 years, a duration of 18 years and a 25 year

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2) (2 pts) A bond has a YTM of 6.5%, a modified duration of 17.43 years, a duration of 18 years and a 25 year maturity. By what percentage will the bond's price change if market interest rates increase by 0.75%

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