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Intro A corporate bond with annual coupons has a duration of 5.4 years and a yield to maturity of 4%. Part 1 Attempt 175 for

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Intro A corporate bond with annual coupons has a duration of 5.4 years and a yield to maturity of 4%. Part 1 Attempt 175 for 10 pts. Using the duration approximation, what would be the percentage change in the bond's price (AP/P) if yields increase by 40 basis points? Enter your answer as a decimal number, not a percentage. | A+ decimals Submit

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