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A bond with duration of 7.68 yrs, has a price of 987.5 when interest rates 8.25. what will be the price of this bond if

A bond with duration of 7.68 yrs, has a price of 987.5 when interest rates 8.25. what will be the price of this bond if the interest rates change to 8.75%?

a. 952.47

b969.98

b 1071.11

c. 1061.73

d. 927.95

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