Question: Path: QUESTION 15 A band has a Macaulay's duration of 10.5 years. If rates changes from 6.2% to 5.1%, what will be the age change

 Path: QUESTION 15 A band has a Macaulay's duration of 10.5

Path: QUESTION 15 A band has a Macaulay's duration of 10.5 years. If rates changes from 6.2% to 5.1%, what will be the age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE

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