Question: A bond is priced at $ 1 0 , 0 0 0 and has a duration of 3 . What will the price of the

A bond is priced at $10,000 and has a duration of 3. What will the price of the bond be if interest rates increase by 2.75%?
The bond price would fall to $9,175
The bond price would fall to $9,425
The bond price would rise to $10,300
The bond price would remain at $10,000
A bond is priced at $ 1 0 , 0 0 0 and has a

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