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A bond with a 9-year duration is worth $1,089, and its yield to maturity is 8.9%. If the yield to maturity falls to 8.65%, you

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A bond with a 9-year duration is worth $1,089, and its yield to maturity is 8.9%. If the yield to maturity falls to 8.65%, you would predict that the new value of the bond will be approximately Multiple Choice $1,086.28 $1,089.00 $1,111.54 $1,091.72

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