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You are holding a bond with a price of $485,000, a duration of 4 and a yield to maturity of 9.5%. If you think that
You are holding a bond with a price of $485,000, a duration of 4 and a yield to maturity of 9.5%. If you think that interest rates will change to 6.7%, how much would you estimate the bond price to change in percentage terms? (please express your answer as a number without the percentage sign so if your answer is 10.32%, please show your answer as 10.32)
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