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1. As chief investment officer at a large insurance company, you are considering an investment in Bond A. For Bond A, you determine that the

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1. As chief investment officer at a large insurance company, you are considering an investment in Bond A. For Bond A, you determine that the bond's modified duration is 3.9 and its convexity is 101. The bond is not callable. For Bond A, provide your most accurate estimate of the percentage change in the bond price it interest rates increase by 75 basis points (100 basis points = 1%)

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