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If the duration of a bond being discounted a 6.5% is 2.6 years, and interest rates on comparable debt increase by 1.6%, by what percentage
If the duration of a bond being discounted a 6.5% is 2.6 years, and interest rates on comparable debt increase by 1.6%, 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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