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Terry owns a thirty-year zero-coupon bond priced at $304.78. If interest rates increase by 50 basis points, how much will the bond change? a. The

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Terry owns a thirty-year zero-coupon bond priced at $304.78. If interest rates increase by 50 basis points, how much will the bond change? a. The price will decrease less than 5 % b. The price will increase less than 5% c. The price will decrease between 5% and 10 % d. d. The price will decrease more than 10 %

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