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A bond has a duration of 8 years and is selling in the market for R1085. Current market interest rates are 6% and are expected

A bond has a duration of 8 years and is selling in the market for R1085. Current market interest rates are 6% and are expected to rise by 1.5%. What should happen to the price of this bond? A) 11.32%, b)7.50%, c)11.32%

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