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If interest rates in the economy increase by 0.75 percent, then your bond with a...

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Accounting

If interest rates in the economy increase by 0.75 percent, then your bond with a duration of 8 years would be expected to ________________ in value.

Question 49 options:

1) decrease by 14 percent

2) decrease by 6 percent

3) increase by 6 percent

4) increase by 14 percent

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