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You have a Facebook bond with a duration of ten years. If interest rates fall by 30 basis points from their current 10% level, how
You have a Facebook bond with a duration of ten years. If interest rates fall by 30 basis points from their current 10% level, how much do you expect your bond price to change by (approximately) in percentage? Assume annual compounding,
Group of answer choices
-2.73%
3.12%
2.73
5.45%
-5.45%
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