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20. An 8%, 15-year bond has a yield to maturity of 10% and Macauley duration of 8.05 years. If the market yield falls by 25

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20. An 8%, 15-year bond has a yield to maturity of 10% and Macauley duration of 8.05 years. If the market yield falls by 25 basis points (.2S%), how much change will there be in the bond's price? a, 1.83% b. 2.01% . 3.27% d. 6.44% hon roll short 100 shares of General Telecom at a market price of $45 per share

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