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(5 points) An eight-year bond has a yield of yield decreases by 75 basis points, what is the percentage change in predicted by the duration

(5 points) An eight-year bond has a yield of yield decreases by 75 basis points, what is the percentage change in predicted by the duration formula? 7% and a duration of 7.2years d's price as f the bond's the bond's price as Answer: The bond's price Circle one: increased, decreased) by Show your calculation here

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