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If the duration of a bond is 3.3 years and its IRR is 4.25%, how does the price of this bond change if there is
If the duration of a bond is 3.3 years and its IRR is 4.25%, how does the price of this bond change if there is an upward parallel shift of the yield curve by 0.25%?
a) Increases by 0.79%
b) Decreases by 0.79%
c) Increases by 3.3%
d) Decreases 3.3%
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