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If the duration of a bond being discounted a 4.2% is 4.9 years, and interest rates on comparable debt decrease by 1.7%, by what percentage
If the duration of a bond being discounted a 4.2% is 4.9 years, and interest rates on comparable debt decrease by 1.7%, by what percentage will the price rise (+) or fall (-)? (Your answer is in percentage terms - 4 digits, and should be positive for an increase in price, and negative for a decline in price.)
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