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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 year, coupon, optionfree bond in his portfolio, he expects that interest will fall by basis points. He calculates that the bond price will change by if instead, rates rise by points, then the bond's price will change by:
AExactly
BMore than
CLess than
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