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Required: You own a fixed - income asset with a duration of four years. If the level of interest rates, which is currently 8 .

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You own a fixed-income asset with a duration of four years. If the level of interest rates, which is currently 8.1%, goes down by 20 basis points, how much do you expect the price of the asset to go up or down (in percentage terms)?
Note: Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.
The price of the asset?????
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