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A bond will maturity of smaller than 25 years has a YTM of 9.0% and a coupon rate of 6.5% (paid annually. Its duration is

A bond will maturity of smaller than 25 years has a YTM of 9.0% and a coupon rate of 6.5% (paid annually. Its duration is 16 years, of the bonds YTM decreases to 8.9%, what will be the bond return? 1 0 1 1.495 1

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