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You own $108 market value of Pune bonds. The bonds have a modified duration of 2.4 years. Overnight, rates increased by 0.52% (52 basis points).

You own $108 market value of Pune bonds. The bonds have a modified duration of 2.4 years. Overnight, rates increased by 0.52% (52 basis points). After this rate change, what is a good estimate of the new price of the bond? $112.45 $109.12 $101.67 $106.65

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