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A bond with a 8-year duration is worth $1,087, and its yield to maturity is 87%, if the yield to maturity falls to 8.47%, you

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A bond with a 8-year duration is worth $1,087, and its yield to maturity is 87%, if the yield to maturity falls to 8.47%, you would predict that the new value of the bond will be approximately $1,084.50 O $1.087.00 $1,105.37 O $1.089.50

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