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uestion 1 (4p) a Define duration b. The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected

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uestion 1 (4p) a Define duration b. The duration for a bond is 9.5 years. The interest rate is 6% currently and it is expected to decrease by 70 basis points. How will the bond be affected by this interest rate change? For the toolbar, press ALT-F10 ( Por ALTHANF10 (Mac). B IS Paragraph Arial 10pt A 2 T. XO E 3 7 X X 3.16 1 92 @ BE > OBE O WORDS POW Moving to the next question prevents changes to this answer MacBook Pro

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