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Required: You own a fixed - income asset with a duration of five years. If the level of interest rates, which is currently 7 .

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You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 7.5%, goes down by 20 basis points, how much do you expect the price of the asset to go up/down (in percentage terms)?(Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)
\table[[The price of the asset,increases by,1.82,%.]]
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