Question: 76. Suppose a bond's price is expected to decrease by 2% if its market discount rate increases by 100 basis points. If the bond's market

 76. Suppose a bond's price is expected to decrease by 2%

76. Suppose a bond's price is expected to decrease by 2% if its market discount rate increases by 100 basis points. If the bond's market discount rate decreases by 100 basis points, the bond price is most likely to change by: A. 2%. B. less than 2%. C. more than 2%

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