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3. ( 10 points) A bond has a modified duration of 10 and convexity of 75 that is currently trading for 85 per 100 of

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3. ( 10 points) A bond has a modified duration of 10 and convexity of 75 that is currently trading for 85 per 100 of par value. If the bond's yield to maturity decreases by 50 bps, the expected percentage price change is closest to: A. \4.90. B. \5.09. C. \5.20

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