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A par bond has a modified duration of 8 and a convexity of 100. What happens to the bonds price if interest rates fall 50

A par bond has a modified duration of 8 and a convexity of 100. What happens to the bonds price if interest rates fall 50 basis points? The bonds price goes to _________.

Question options:

A)

$959

B)

$1,029

C)

$969

D)

$1,041

E)

$1,031

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