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A bond currently has a price of $1,050. The yield on the bond is 5%. If the yield increases 22 basis points, the price of

A bond currently has a price of $1,050. The yield on the bond is 5%. If the yield increases 22 basis points, the price of the bond will go down to $1,038. The duration of this bond is years. 5.53 O 5.18 4.92 O 5.45

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