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The duration of a coupon bond when the interest rate is 1 0 percent is 6 . 0 1 years. What is the precent change
The duration of a coupon bond when the interest rate is percent is years. What is the precent change in the price of the bond if the interest rate falls to percent? Assume the bond pays ANNUAL coupons.
Enter answer as a to decimal places. eg enter as but DO NOT ENTER the sign.
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