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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 fixedincome asset with a duration of five years. If the level of interest rates, which is currently goes down by basis points, how much do you expect the price of the asset to go updown in percentage termsInput the value as a positive value. Do not round intermediate calculations. Round your answer to decimal places.
tableThe price of the asset,increases by
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