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An 11 year bond has a yield of 10% and a duration of 5.412 years. If the bonds yield increases by 25 basis points the

An 11 year bond has a yield of 10% and a duration of 5.412 years. If the bonds yield increases by 25 basis points the bond price will experience a percentage ________ of ________.

a. decline of 0.25%

b. increase of 0.25%

c. increase of 1.25%

d. decline of 1.23%

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