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Louise Chen bought a 5-year zero-coupon bond at 78.1198. The market is relatively volatile, and she is considering rebalancing her portfolio. The yield of the

Louise Chen bought a 5-year zero-coupon bond at 78.1198. The market is relatively volatile, and she is considering rebalancing her portfolio. The yield of the bond has increased 50 bps after her purchase and remains constant afterward. How much has the bond price decreased?

A. 3.71

B. 1.88

C. 0.24

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