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7. A bond has a duration of 10 . If the yield of maturity of the bond increases by 1% from its original level, the

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7. A bond has a duration of 10 . If the yield of maturity of the bond increases by 1% from its original level, the bond price will change by: A. +10% B. 10% C. +1% D. 1% E. None of the above

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