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Bond A has a duration of 8.2 years and a yield to maturity of 8%. Bond B has a duration of 6.6 years and a

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Bond A has a duration of 8.2 years and a yield to maturity of 8%. Bond B has a duration of 6.6 years and a yield to maturity of 10%. Suppose that the yield to maturity of both bonds increases by 3 percentage points (to 8.3% for A and to 10.3% for B). TRUE OR FALSE: Bond A will have the smaller percentage change in its price when the yield to maturity of the bonds changes True False

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