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A bond with a 5.3% yield has modified duration of 4.9 and is trading at 995. If the yield decreases to 5%, the new bond

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A bond with a 5.3% yield has modified duration of 4.9 and is trading at 995. If the yield decreases to 5%, the new bond price is closest to: O 1022.67 O 1226.70 O 1009.63

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