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You bought a bond with a Modified Duration of 4.5 years. Interest rates rise by 2.0% after the bonds purchase. What is the change in

  1. You bought a bond with a Modified Duration of 4.5 years. Interest rates rise by 2.0% after the bonds purchase. What is the change in the bonds price?
    1. +4.5%
    2. -9.0%
    3. -4.5%
    4. +9.0%
    5. -2.0%

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