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If the duration of a bond is 3 years, estimate the percentage change in the bonds price if its yield suddenly jumps from 4.0% to

If the duration of a bond is 3 years, estimate the percentage change in the bonds price if its yield suddenly jumps from 4.0% to 5.0%

A.-1.5%

b.2.9%

C.1.0%

d.-2.9%

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