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26 1.00 points A bond currently has a price of $1.050. The yield on the bond is 7%. If the yield increases 20 basis points,

26 1.00 points A bond currently has a price of $1.050. The yield on the bond is 7%. If the yield increases 20 basis points, the price of the bond will go down to $1,040. The duration of this bond is years. O 475 O 515 O 5.09 O 4.43

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