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QUESTION 16 A bond has a Macaulay's duration of 12.5 years. If rates rise from 5% to 6.5%, what will be the %age change bonds

QUESTION 16

A bond has a Macaulay's duration of 12.5 years. If rates rise from 5% to 6.5%, what will be the %age change bonds price?

put al working out dont use execl

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