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uestion 10 An annual payment bond has a Il percent required rate of retum. Interest rates are expected to decrease 61 basis point of the

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uestion 10 An annual payment bond has a Il percent required rate of retum. Interest rates are expected to decrease 61 basis point of the bonds duration is 9 years, what is the percentage change in bond's price? (write your answer in and round it to 2 decimal places)

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