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you own $1000 par amount of bond xyz. xyz has modified duration of 5. if market yield decreaes by 1% bond deceease by 60 bond

you own $1000 par amount of bond xyz. xyz has modified duration of 5. if market yield decreaes by 1%
bond deceease by 60
bond decrease by 50
bondincrease by 60
bond icnrease by 50

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