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A coupon bond is trading at $1080 per $1000 par value. It has a duration of 2 years. If interest rates increase by 0.1% (10

A coupon bond is trading at $1080 per $1000 par value. It has a duration of 2 years. If interest rates increase by 0.1% (10 basis points), what will be the change in bond value?

	a.	2.16
	b.	216
	c.	-2.16
	d.	-216

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