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A 9-year bond has a yield of 4.3% and a duration of 7.965 years. If the market yield decreases by 58 basis points, what is

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A 9-year bond has a yield of 4.3% and a duration of 7.965 years. If the market yield decreases by 58 basis points, what is the percentage change in the bond's price? Do not round intermediate calculations. Negative value should be indicated by a minus sign. Round your answer to 2 decimal places. Question 9 1 pts An insurance company must make payments to a customer of $12 million in one year and $8 million in four years. The yield curve is flat at 5%. If it wants to fully fund and immunize its obligation to this customer with a single issue of a zerocoupon bond. What must be the face value and market value of that zero-coupon bond? (Do not round intermediate calculations.) Market value of $16.61mm, with a face value of $18.40mm. Market value of $19.05mm, with a face value of $21.10mm. Market value of $18.06mm, with a face value of $20.00mm Market value of $18.01mm, with a face value of $19.95mm

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