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XYZ Company has issued bonds that pay semiannually with the following characteristics: Bond Price Yield to Maturity Maturity Duration $1,150 10% 10 years 5 years

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XYZ Company has issued bonds that pay semiannually with the following characteristics: Bond Price Yield to Maturity Maturity Duration $1,150 10% 10 years 5 years If the yield to maturity decreases to 9.2%, the expected percentage change in the price of the bond using duration would be

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