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Consider an 1% coupon bond with annual coupon payments and 10 years to maturity and a yield to maturity of 1.106% and duration of 9.4
Consider an 1% coupon bond with annual coupon payments and 10 years to maturity and a yield to maturity of 1.106% and duration of 9.4 years. If the yield to maturity changes by 50 basis points, the change in the bond's price will be closest to?
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