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If the duration of a bond being discounted a 5.5% is 3.4 years, and interest rates on comparable debt increase by 1.4%, by what percentage
If the duration of a bond being discounted a 5.5% is 3.4 years, and interest rates on comparable debt increase by 1.4%, by what percentage will the price rise (+) or fall (-)? (4 digits, positive for an increase in price, negative for a decline in price.)
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