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Consider a 23-year coupon bond with a yield to maturity of 3.25%. The duration of the bond is 16.7929. If the yield increased by 0.05%,

Consider a 23-year coupon bond with a yield to maturity of 3.25%. The duration of the bond is 16.7929. If the yield increased by 0.05%, how much will the bond price fall? Coupons are paid annually. A. 0.81% B. 0.64% C. 0.74% D. 0.86% O E. 0.68%

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