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Consider two zero coupon bonds. Both have face values of $100. Bond A pays its face value in 8 years, and Bond B pays its
Consider two zero coupon bonds. Both have face values of $100. Bond A pays its face value in 8 years, and Bond B pays its face in 2 years. If interest rates change from 9% to 8%, what is the percentage change in the long maturity bond's price minus the percentage change in the short maturity bond's price? Express your answer in percentage form rounded to one decimal place. %
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