Question: Using the duration price approximation formula, calculate the expected price change in % if interest rates fall to 7.0%. If your answer is negative, don't

Using the duration price approximation formula, calculate the expected price change in % if interest rates fall to 7.0%. If your answer is negative, don't forget the sign! From Prior: Calculate the price of a $1,000,6% bond with four years to maturity with 7.5% market interest rates. Assume annual coupon payments

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