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A bond that pays interes semiannually has a 6 % required rate of return and a price oF$ 1 0 4 5 . Annual interest

A bond that pays interes semiannually has a 6%required rate of return and a price oF$1045. Annual interest rates are now projected to increase 50 basis points. The bond's duratic is 5 years. What is the predicted new bond price after the interest rate change ?

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