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The duration of a bond is 5.47, and its current price is $986.30. Which of the following is the best estimate of the bond price

The duration of a bond is 5.47, and its current price is $986.30. Which of the

following is the best estimate of the bond price change if interest rates increase by 2%

A. -$109.40.

B. -$107.90.

C. $109.40

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