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The credit rating of a company was downgraded. Given the following consequences of the downgrade, determine the effect on the yield of the credit downgrade

The credit rating of a company was downgraded. Given the following consequences of the downgrade, determine the effect on the yield of the credit downgrade on company.

Term of maturity 10 years
P0 103
P1 98
Par value 100
Modified duration 9.76

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