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An annual payment bond has a 14 percent required rate of return. Interest rates are expected to decrease 33 basis points. If the bond's duration
An annual payment bond has a 14 percent required rate of return. Interest rates are expected to decrease 33 basis points. If the bond's duration is 14 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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