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A 16-year bond has a yield to maturity of 11% and duration of 9.25 years. If the market yield changes by 0.32%, how much change

A 16-year bond has a yield to maturity of 11% and duration of 9.25 years. If the market yield changes by 0.32%, how much change will there be in the bond's price?

A.

1.85%
B.

2.01%
C.

2.67%
D.

6.44%

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