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Suppose a bond matures in 4 years with a coupon rate of 6% paid semi-annually and a yield-to-maturity of 10%, has a duration of 3.02.

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Suppose a bond matures in 4 years with a coupon rate of 6% paid semi-annually and a yield-to-maturity of 10%, has a duration of 3.02. Using modified duration, what is the percentage change in price of the bond if the interest rate (ie, yield) decreases by 0.5%? A.-1.44% B.-0.50% OC. 0.50% CD. 1 .44%

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