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#9 A bond has a FV of $1,000, a price of $994.41, YTM of 6.2% and a duration of 7.883 . What is the $

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A bond has a FV of $1,000, a price of $994.41, YTM of 6.2% and a duration of 7.883 . What is the $ change in the price of the bond when its YTM falls by 0.25% ? [Note: the question asks for the change in price rather than the new price.]

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