Fixed-income asset with a duration of four years

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Reference no: EM131543352

You own a fixed-income asset with a duration of four years. If the level of interest rates, which is currently 7.8%, goes down by 20 basis points, how much do you expect the price of the asset to go up (in percentage terms)? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) The price of the asset %.

Reference no: EM131543352

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