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A bond has a Macaulay duration of 3.78 years. What will be the percentage change in the bond price if the yield to maturity increases

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A bond has a Macaulay duration of 3.78 years. What will be the percentage change in the bond price if the yield to maturity increases from 4 percent to 4.5 percent? a. O a. -2.43 percent O b. -1.85 percent O c. -3,46 percent O d. 3.38 percent O e. 3.12 percent

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