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Assume you have a bond with duration of 4.5 years. U are given that the RETURN of the bond is 2%. What is the approximate

Assume you have a bond with duration of 4.5 years. U are given that the RETURN of the bond is 2%. What is the approximate movement in yield that creates such a return? ( HInt: think Duration formula with no convexity involved and solve for the change in yield )

-44 bps

0.3%

-0.56%

-51 bps

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