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please show work A bond currently has a price of $1,050. The yield on the bond is 6.00%. If the yield increases 25 basis points,

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A bond currently has a price of $1,050. The yield on the bond is 6.00%. If the yield increases 25 basis points, the price of the bond will go down to $1,030. The duration of this bond is years. A. 7.46 B. 8.08 C. 9.02 D. 10.11

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