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1. A semi-annual bond has a modified duration of 4.6 years. Interest rates are projected to decline by 39 basis points. If the bond has

1. A semi-annual bond has a modified duration of 4.6 years. Interest rates are projected to decline by 39 basis points. If the bond has a 10 percent required rate of return, what is the predicted price change after rates change?

Group of answer choices

a.-1.95

b. 1.63 percent

c. 1.79 percent

d. 2.75 percent

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