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You own a fixed-income asset with a duration of six years. If the level of interest rates, which is currently 8.2%, goes down by 10
You own a fixed-income asset with a duration of six years. If the level of interest rates, which is currently 8.2%, goes down by 10 basis points, how much do you expect the price of the asset to go up (in percentage terms)?(Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)
The price of the asset(Click to select)decreases by increases by _______%.
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