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The duration of a bond that pays coupon interest annually is 8.05 years. The yield to maturity of the bond is 10%. If the yield

The duration of a bond that pays coupon interest annually is 8.05 years. The yield to maturity of the bond is 10%. If the yield falls by 25 basis points, what is the percentage change in the price of the bond?

Select one:

a.1.83%

b.2.01%

c.3.27%d.6.44%e.none of the above

Thanks a lot

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