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You have the following information regarding the bond ABC. Semiannual payments $25 YTM 8% Maturity (in years) 4 Par value $1,000 Let's assume the modified

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You have the following information regarding the bond ABC. Semiannual payments $25 YTM 8% Maturity (in years) 4 Par value $1,000 Let's assume the modified duration of this bond is 4. Based on this assumption and using the modified duration, estimate the price of the bond after a 65-basis-point decrease in interest rates

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