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A bond currently has a price of $1050. The yield on the bond is 5%. If the yield increases 26 basis points, the price of

A bond currently has a price of $1050. The yield on the bond is 5%. If the yield increases 26 basis points, the price of the bond will go down to $1,029. The duration of this bond is years Multiple Choice 731 O 8.09 8.26 769

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