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iv. What is the price elasticity of the loan, given a 25bp change in annual yield to maturity (currently 8.0%)? (Use the relationship AP ~-P
iv. What is the price elasticity of the loan, given a 25bp change in annual yield to maturity (currently 8.0%)? (Use the relationship AP ~-P X MDX AR, or rather AP/P ~- MD x AR when estimating the numerator of the price elasticity calculation)
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