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25. A bond currently has an effective duration of 7.83 . The percentage change in the price of the bond in response to a 82

25. A bond currently has an effective duration of 7.83 . The percentage change in the price of the bond in response to a 82 basis point upward movement in yields is closest to: A. +6.42% B. 6.42% C. +5..85%

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