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Krishna buys an n-year 1000 bond at par. The Macaulay duration is 7.959 years using an annual effective interest rate of 7.2% Calculate the estimated

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Krishna buys an n-year 1000 bond at par. The Macaulay duration is 7.959 years using an annual effective interest rate of 7.2% Calculate the estimated price of the bond, using the first-order modified approximation, if the interest rate rises to 8.0%. OA) 940.60 OB) 942.88 OC) 944,56 OD) 947.03 E) 948.47

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