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Care home Question 20 2 points An annual payment bond has a 7 percent required rate of return. Interest rates are expected to decrease 62

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Care home Question 20 2 points An annual payment bond has a 7 percent required rate of return. Interest rates are expected to decrease 62 basis points. If the bond'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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