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Consider a bond with a duration of 6 years having a yield to maturity of...

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Finance

Consider a bond with a duration of 6 years having a yield to maturity of 8% and interest rates are expected to rise by 50 basis points. What is the percentage change in the price of the bond? a. 2.88% b. 3.45% c. ?3.89% d. ?3.45% e. ?2.88%

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