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A bond matures in 12 years, its Macaulay duration is 9.3, and its modified duration is 8.6. If market interest rate (yield) increases by 0.5%,

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A bond matures in 12 years, its Macaulay duration is 9.3, and its modified duration is 8.6. If market interest rate (yield) increases by 0.5%, how will this bond price change? Calculate the percentage change in bond price using relevant information. (Hint: you don't need to use all of the numbers provided for this calculation)

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