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The duration of a $1,0006-year annual 7.23% coupon bond trading at a yield to maturity of 6% is 5.37. Using the duration approximation, find the

The duration of a $1,0006-year annual 7.23% coupon bond trading at a yield to maturity of 6% is 5.37. Using the duration approximation, find the estimated bond price change for a 1.3% increase in interest rates. The estimated bond price change is 6. (Select from the dropdown menu)

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