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The duration of a $1,0006-year annual 7.23% coupon bond trading at a yield to maturity of 6% is 5.834. Using the duration approximation, find the

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The duration of a $1,0006-year annual 7.23% coupon bond trading at a yield to maturity of 6% is 5.834. Using the duration approximation, find the estimated bond price change for a 2.5% increase in interest rates. Select one: A. 10.26% B. none of the options is correct C. 5.38% D. 13.76% E. 15.37%

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