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A bond matures in 15 years, has a 11 year duration and a yield to maturity of 8%. The change in the level of the

A bond matures in 15 years, has a 11 year duration and a yield to maturity of 8%. The change in the level of the market interest rate is 0.5%. Use the online calculator in Chapter 11 module to find the value of the bond's modified duration, and how bond price changes in reaction to the interest rate change

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