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Question 15 (7 points) A bond that pays interest semiannually has a 6% promised yield and a price of $1045. Annual interest rate are now

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Question 15 (7 points) A bond that pays interest semiannually has a 6% promised yield and a price of $1045. Annual interest rate are now projected to increase 0.50%. The bond's duration is 4 years. What is the predicted new bond price after the interest rate change? $1064.8 $1025.2 $1024.7 $1065.3

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