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A bond manager is holding a 1 0 - year, 6 % coupon, option - free bond in his portfolio, he expects that interest will

A bond manager is holding a 10-year, 6% coupon, option-free bond in his portfolio, he expects that interest will fall by 50 basis points. He calculates that the bond price will change by 3.63%. if instead, rates rise by 50 points, then the bond's price will change by:
A.Exactly 3.63%
B.More than 3.63%
C.Less than 3.63%

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