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Consider a bond selling at par with modified duration of 12 years and convexity of 265 . What would be the percentage price change according

Consider a bond selling at par with modified duration of 12 years and convexity of 265 . What would be the percentage price change according to the duration-withconvexity rule? a. 21.2% b. 25.4% c. 13.3% d. 17.0%

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