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Using the modified duration formula, what is the EXPECTED bond price if the YTM to maturity increases to 2.75% (rounded estimate)? (Bond Details: Coupon 3%,

Using the modified duration formula, what is the EXPECTED bond price if the YTM to maturity increases to 2.75% (rounded estimate)? (Bond Details: Coupon 3%, YTM 2%, Maturity 5 years, Annual Coupon Payments) OA) 101.00 B) 101.21 C) 101.08 D) 101.15 Clear selection

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