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Duration of a 5-year bond is 4.5 and its convexity is 29. How much does the bond price change when the yield-to-maturity of the bond
Duration of a 5-year bond is 4.5 and its convexity is 29. How much does the bond price change when the yield-to-maturity of the bond falls from 10% to 7%? Group of answer choices 12.27% 13.35% 13.76% 11.19%
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