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Consider the following bond: $1000 face value, coupon rate of 7.5%, paid semi-annually and remaining maturity of 10 years. When this bond trades at a

Consider the following bond: $1000 face value, coupon rate of 7.5%, paid semi-annually and remaining maturity of 10 years. When this bond trades at a YTM of 7.5% its interest rate risk is 7.015%. The interest rate risk if the bond trades at a YTM of 14% is _______

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