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i need an explanation with CALCULATION~ thank you!!! 40. If the interest rate increases from 4% to 6.5%, given the duration of the bond equals

i need an explanation with CALCULATION~

thank you!!!

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40. If the interest rate increases from 4% to 6.5%, given the duration of the bond equals to 1.85 years, the price of the bond will A) decrease by 4.447%. B) increase by 4.447%. C) stay the same. D) decrease by 4.343%. ANS: A

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