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Consider a bond with a duration of 8.2 years. If the yield-to-maturity of the bonds decreases from 2.0% to 1.5%, what will be the percentage
Consider a bond with a duration of 8.2 years. If the yield-to-maturity of the bonds decreases from 2.0% to 1.5%, what will be the percentage change in the price of the bond? Assume annual copoun payments. If the percentage change is negative, enter a negative number.
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