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TU Bank has an asset portfolio that consists of 30 -year, 8 percent annual coupon, $1,000 bonds that sell at par. ssume a bond has

image text in transcribed TU Bank has an asset portfolio that consists of 30 -year, 8 percent annual coupon, $1,000 bonds that sell at par. ssume a bond has the following characteristics. Assume market yields drop immediately by 3.0%. What is the amount of error between the duration prediction and the actual market values

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