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6. A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, what

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6. A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, what is the percentage change in the bond's price? a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%. b. What is the duration if the yield to maturity is 10%

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