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Assume your bond fund has annual coupon bonds with a yield to maturity of 5%. a) If the duration of your bond fund is 12

Assume your bond fund has annual coupon bonds with a yield to maturity of 5%. a) If the duration of your bond fund is 12 years, what is the percentage price change of your bond fund if yields to maturity increase to 6%?. b) If the duration of your bond fund is 29 years, what is the percentage price change of your bond fund if yields to maturity decrease to 4%? Show all calculations.

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