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An annual payment bond has a 13 percent required rate of return. Interest rates are expected to decrease 74 basis points. If the bood's duration

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An annual payment bond has a 13 percent required rate of return. Interest rates are expected to decrease 74 basis points. If the bood's duration is 13 years what is the percentage change in bond's price? (write your answer in % and round it to 2 decimal places)

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