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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,

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-2.73%

3.12%

2.73

5.45%

-5.45%

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