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Question 8 1 pts A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield decreases 25 basis

Question 8 1 pts A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield decreases 25 basis points, the price of the bond will go up to $1,080. The duration of this bond is. years. 9.02 8.08 12.11 7.46

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