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A bond has an effective duration of 4.523 and is traded at 98.5 per 100 par. The bond price is 99.5 if the interest rate
A bond has an effective duration of 4.523 and is traded at 98.5 per 100 par. The bond price is 99.5 if the interest rate decreases by 20 basis points.
What is the bond price if the interest rate increases by 20 basis point?
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