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A bond as an effective duration of 1.75, if interest rates decline 1%, this bonds value: A. Decrease 1.75% B. Increase 1.75% C. Decrease 3.50%

A bond as an effective duration of 1.75, if interest rates decline 1%, this bonds value:

	A.	Decrease 1.75%
	B.	Increase 1.75%
	C.	Decrease 3.50%
	D.	Cannot be determined

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