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17. A bond has a duration of 5 years. If interest rates rise 3% (200 bp) approximately how much will the bonds price rise or

17.

A bond has a duration of 5 years. If interest rates rise 3% (200 bp) approximately how much will the bonds price rise or fall?

a.
+5%

b.
-5%

c.
+15%

d.
-15%

e.
None of the above

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