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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

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% C. 3.27% 06.44%

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