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A bond with duration of 5.74 years, has a price of $1085.50 when interest rates are 8.25%. What will be the price of this bond

A bond with duration of 5.74 years, has a price of $1085.50 when interest rates are 8.25%. What will be the price of this bond if interest rates change to 8.50%? $952.47 $1061.73 $1071.11 $927.95 $969.98

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