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A Finance manager has the option to hold a 10 -year coupon bond with a coupon rate of 20% instead of 10%. Duration on 20%

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A Finance manager has the option to hold a 10 -year coupon bond with a coupon rate of 20% instead of 10%. Duration on 20% bond is 6.64 years at 10% interest rate. Find the approximate change in bond price when the interest rate increases from 10% to 12.5%

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