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Problem 2 Part B (Exercise 11. 11 in the book). You own a xedincome asset with a duration of 10 years.

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Problem 2 Part B (Exercise 11. 11 in the book). You own a fixed—income asset with a duration of 10
years. If the level of interest rates1 which is currently 9%, goes down by 25 basis
points, how much do you expect the price of the asset to go up (in percentage terms)

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