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a bond has a macaulay's duration of 11.06 years current interest rates are 7.72% rate change by .97%. According to duration, what will be the
a bond has a macaulay's duration of 11.06 years current interest rates are 7.72% rate change by .97%. According to duration, what will be the appoximate percentage change in the bond prices. assume annual compounding. answer in percentage and round two decimal places
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