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A 30-year, 10 percent coupon, annual coupon payments, this bond sells at par value today. The duration of the bonds is 10.3696 years. Suppose rate

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A 30-year, 10 percent coupon, annual coupon payments, this bond sells at par value today. The duration of the bonds is 10.3696 years. Suppose rate suddenly decreases by 0.10 percent. duration formula can be used to predict new bond price, use that formula, the predicted new bond price is $ (Round your answers to 3 decimal places.)

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