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QUESTION 14 A three year bond with a current price of 922.69 has a YTM of 8%, coupon rate of 5% and a duration (Macaulay

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QUESTION 14 A three year bond with a current price of 922.69 has a YTM of 8%, coupon rate of 5% and a duration (Macaulay of 2.853. Interest rates increase by 84 basis points, what is the predicted price of the bond after the rate change (use duration approximation. Round your final answer to two decimal places

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