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Business, 15.04.2020 00:51 patrickdolano

You own a bond that has a duration of 6 years. Interest rates are currently 7% but you believe the Fed is about to increase interest rates by 25 basis points. Your predicted price change on this bond is .

A.+1.4%
B.-1.4%
C.-2.51%
D.+2.51%

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Answers: 3

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