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A 6% coupon bond is making annual coupon payments and has a duration of 8 years....

A 6% coupon bond is making annual coupon payments and has a duration of 8 years. What will be the percentage change in the bond's price if its yield to maturity changes from 6% to 6.1%?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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