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The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from

The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from $go0 to $1,10o. The bond price elasticity of this bond is Oa. -0.36. O b. -0.67. c.-0.44. O d. 0.67. O e. -0.55

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