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Question
The outstanding bonds of Alpha Extracts have a yield to maturity of 8.4 percent and a modified duration of 10.8. If the yield to maturity instantly decreased to 7.5 percent, the bond's price would increase/decrease by _____ percent.A. -10.08
B. -9.67
C. 8.45
D. 9.72
E. 10.08
Answer
This answer is hidden. It contains 58 characters.
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