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Abond has a Maciulay duration of 1050 and is phiced to yeid 8.5%. If interest rates go up so that the yield goes to 9.0%,

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Abond has a Maciulay duration of 1050 and is phiced to yeid 8.5%. If interest rates go up so that the yield goes to 9.0%, what will bo the percentage change in the price of the bond? Now, if the yieid on this bond goos down to B\%, what well be the bond's percentage change in prico? Corment on your fingings If interest rates go up ta 90%, the percentage changa in the price of the bond is 4. (Round lo tho decinal places)

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