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If the modified duration of a bond is 12, and the bond's yieldincreases by 25 basis points, what is the bond's approximatepercentage price change?O b.

If the modified duration of a bond is 12, and the bond's yieldincreases by 25 basis points, what is the bond's approximatepercentage price change?O b. -12.00%O c-0.30%0 d. 0.30%0 e. -3.00%0 f+3 2 answers

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