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2 points An annual payment bond has a 14 percent required rate of return. Interest rates are expected to decrease 36 basis points. If the

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2 points An annual payment bond has a 14 percent required rate of return. Interest rates are expected to decrease 36 basis points. If the bood's duration is 9 years, what is the percentage change in bond's price? (write your answer in % and round it to 2 decimal places)

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