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The duration of a ten-year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. Only consider the duration, what happens
The duration of a ten-year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. Only consider the duration, what happens to the price of the bond if the interest rate falls to 8 percent?
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