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You are given the following information about the 10yr UST benchmark bond. Coupons are paid semi-annually. Tenor Coupon (%) Yield (%) 10 Year 2.25 1.81

You are given the following information about the 10yr UST benchmark bond.

Coupons are paid semi-annually.

Tenor

Coupon (%)

Yield (%)

10 Year

2.25

1.81

What is the projected price of this bond for 100basis points change, using both duration and convexity?

Choose the closest.

Group of answer choices

a. 95.1

b. 94.8

c. 93.9

d. not enough information

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