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Suppose the yield curve shifted down uniformly by 27 bps, and at the same time, the Z-spread of a given bond decreased by 57 bps.

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Suppose the yield curve shifted down uniformly by 27 bps, and at the same time, the Z-spread of a given bond decreased by 57 bps. Then the price of the bond (a) Increased (b) Remains unchanged (c) Decreased (d) It is impossible to know without knowing the ED of the bond

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