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Duration 1: Consider a 10 year, $1000 Face, 5% coupon bond with a duration of 8 . If rates go from 9% to 7%, the

image text in transcribed Duration 1: Consider a 10 year, $1000 Face, 5% coupon bond with a duration of 8 . If rates go from 9% to 7%, the bondholder's return solely from the change in price would be % (Round to the nearest tenth X.X\%)

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