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A 30-year zero coupon bond with a face value of $10,000 is currently selling for $800. Using the bond's modified duration, what is the approximate

A 30-year zero coupon bond with a face value of $10,000 is currently selling for $800. Using the bond's modified duration, what is the approximate change in the price of the bond if interest rates increase by 200 basis points? Select one: O a.-5.52% O b.-0.552% O c.-9.88% d. -55.2% O e. 5.52%

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