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An annual bond with 9-year duration is worth $1,080 (ie, price - $1080) and its yield to maturity is 8%. If the yield to maturity

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An annual bond with 9-year duration is worth $1,080 (ie, price - $1080) and its yield to maturity is 8%. If the yield to maturity (YTM) falls to 7.84%, you would predict that the new price of the bond will (approximately) be $1,036 $1,128 $1,094 $1,035

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