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An analyst gathered the following information about a semiannual coupon bond: Par $ 1 0 0 0 Duration 1 0 Convexity 2 5 Current bond

An analyst gathered the following information about a semiannual coupon bond: Par $1000 Duration10 Convexity 25 Current bond price $1100 YTM 10%If the YM decrease to 8 percent, the predicted increase in the bond's price is closest to:

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