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A bond selling at par has a modified duration of 12 years and a convexity of 265. A 1% decrease in yield would cause its

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A bond selling at par has a modified duration of 12 years and a convexity of 265. A 1% decrease in yield would cause its price to rise by 12% if we use duration only. What would be the percentage price change if we use both duration and convexity? Please enter your answer in percent rounded to the nearest basis point

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