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muestion 1 (4p) a Define duration b. The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected

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muestion 1 (4p) a Define duration b. The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected to decrease by 70 basis points. How will the bond be affected by this interest rate change? For the toolbar, press ALT F10 PC) or ALTOFN+F30 (Mad BIVS Paragraph Arial 10pt T. 11 sch 2 P EX 3 BED 1)

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