Question: solve Question 17 4 pts Given a 10-year bond with a par value of $1,000, a coupon of 9% and the market interest rate equals
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Question 17 4 pts Given a 10-year bond with a par value of $1,000, a coupon of 9% and the market interest rate equals to 9%. Assume market interest rates then decrease to 7.5%, , what will be the percentage change in the price of the bond if its duration is 7.3|? Your answer should be in a percentage, rounded to the nearest two decimal places, do not include % signStep by Step Solution
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