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Question 6: Assume that you have invested in a bond, which has a duration of 5 years and a yield to maturity (YTM) of 9

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Question 6: Assume that you have invested in a bond, which has a duration of 5 years and a yield to maturity (YTM) of 9 percent. Calculate the percentage price change of the bond if the YTM changes to 10 percent? Note: A precise answer is required for this question (2 points) Some useful formulas DUR* DUR 1+k %AP --DUR*XAK

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