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A bond has a Macaulay duration of 12.2 years and it's yield increases from 8.6% to 9%. What is the percentage price change for the

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A bond has a Macaulay duration of 12.2 years and it's yield increases from 8.6% to 9%. What is the percentage price change for the bond? -4.88% O -4.68% 0 -4.49% 4.68% 4.88%

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