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roblem (Exercise n. 11 in the book). You own a fixed-income asset with a duration of 10 years. If the level of interest rates, which

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roblem (Exercise n. 11 in the book). You own a fixed-income asset with a duration of 10 years. If the level of interest rates, which is currently 9%, goes down by 25 basis points, how much do you expect the price of the asset to go up (in percentage terms)

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