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If the duration of a 5 year bond is 4.25, this means the bond is repaid by its internal cashflows by 4.25 years and the

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If the duration of a 5 year bond is 4.25, this means the bond is repaid by its internal cashflows by 4.25 years and the bond price will increase by 4.25% if interest rates by 1%. A. Increase B. Decrease

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