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Estimate the percentage price change in bond price from a 25basis point increase in yield on a bond with a duration of 7 and a

Estimate the percentage price change in bond price from a 25basis point increase in yield on a bond with a duration of 7 and a convexity of 243.

1.67% decrease.

1.67% increase.

1.75% increase.

1.75% decrease.

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