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2 points An annual payment bond has a 8 percent required rate of return. Interest rates are expected to decrease 52 basis points. If the

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2 points An annual payment bond has a 8 percent required rate of return. Interest rates are expected to decrease 52 basis points. If the bond'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) Question 22. of 22

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