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Consider a bond with a modified duration of 4.65 years, a yield to maturity of 1.85%, and a current price of $102.95. Assuming convexity is

Consider a bond with a modified duration of 4.65 years, a yield to maturity of 1.85%, and a current price of $102.95. Assuming convexity is equal to zero, what is the expect price of the bond if the yield to maturity increases by 25 basis points?

a.$101.75

b.$103.15

c.$100.25

d.$101.85

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