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An 8% coupon bearing bond with a 15-year maturity pays interest semi-annually with a yield-to-maturity of 10% and a convexity of 176. If the market
An 8% coupon bearing bond with a 15-year maturity pays interest semi-annually with a yield-to-maturity of 10% and a convexity of 176. If the market yield increases by 25 basis points, there will be a ______ change in the bond's price due to convexity.
A -.055%
B .025%
C. .055%
D .078%
E .152%
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