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A bond's modified duration is 6.1 years, its convexity is 223.5, and its yield to maturity is 6.4% per year. By what percent will the

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A bond's modified duration is 6.1 years, its convexity is 223.5, and its yield to maturity is 6.4% per year. By what percent will the bond's price change, if its yield to maturity decreases by 200 basis points? 1) 14.8% 2) 16.7% 3) 13.6% 4) 15.5% 5) 17.6%

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