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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

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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 \\mathrm{bps} \\), the expected percentage price change is closest to: A. \4.90. B. \5.09. C. \5.20

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