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Consider a 10-year fixed bond with 10% annual coupons. The duration is 8.76 years and the face value is ?300. Suppose the yield decreases from

Consider a 10-year fixed bond with 10% annual coupons. The duration is 8.76 years and the face value is â?¬300. Suppose the yield decreases from 10% to 9.75%. ? According to the duration/sensitivity...

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