If interest rates rise 5% and if you own a bond with a maturity of 10years and
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Question:
If interest rates rise 5% and if you own a bond with a maturity of 10years and a duration of 5with a 5% yield your bond price will change by approximately what percentage amount?
A- up 5%
b- down 5%
c- down 2.5%
d- up 5%
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