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1. The current price of a bond is 102.50. If interest rates change by 0.5%, the value of the bond price changes by 2.50. What

1. The current price of a bond is 102.50. If interest rates change by 0.5%, the value of the bond price changes by 2.50. What is the duration of the bond? A. 5.00 B. 2.44 C. 4.88 D. 2.50

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