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An 8% coupon bond has a yield to maturity of 10% and a duration of 8 years. The current bond price is $925. If the

An 8% coupon bond has a yield to maturity of 10% and a duration of 8 years. The current bond price is $925. If the market yield decreases by 15 basis points, what will be the expected bond price? $936.18 $939.64 $960.36 $963.82

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