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a 3 year bond with a xurrent price of 1027.23 has a ytm of 5%, coupon rate of 6% and a duration (mccauley) of 2.836.

a 3 year bond with a xurrent price of 1027.23 has a ytm of 5%, coupon rate of 6% and a duration (mccauley) of 2.836. if interest rates increase by 88 basis points, what is the predicted price of the bond after the rate change (use duration approximation)

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