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Consider a bond with a 1 0 % coupon rate paid semiannually and an 8 % required rate of return The bond's duration is 1

Consider a bond with a 10% coupon rate paid semiannually and an 8% required rate of return The bond's duration is 12 years. If Interest rates are projected to rise 25 basis points. What predicted percentage change in bond's price?A)2.88%B)-2.78%C)2.88%D)2.78%E) None of the above

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