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Bond G sells for 876.50. Its yield is 7.60% and duration 8 years. Based on...

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Accounting

Bond G sells for 876.50. Its yield is 7.60% and duration 8 years. Based on the duration, what is the approximate new $ price after yields suddenly drop to 6.80%? (rounded to two decimal places)

a.$932.60

b.None of the other choices

c.$926.64

d.$928.63

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