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If a bond has a modified duration of 5.2. what is the expected return if interest rates rise by 40 bps? Your answer should be

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If a bond has a modified duration of 5.2. what is the expected return if interest rates rise by 40 bps? Your answer should be in percentage terms and with the appropriate sign. For example, +72 is a positive 7.2 percent and -8.4 is a loss of 8.4%

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