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The equation D*y is used to estimate the percentage change in the price of a bond when yields change. Relative to this estimate, the actual
The equation D*y is used to estimate the percentage change in the price of a bond when yields change. Relative to this estimate, the actual change in a bonds price will be
A. more if interest rates fall and less if interest rates rise
B. less
C. more
D. the same
E. more if interest rates rise and less if interest rates fall
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