Question: A bond is priced at $ 8 , 0 0 0 and has a duration of 4 . What will the price of the bond

A bond is priced at $8,000 and has a duration of 4. What will the price of the bond be if interest rates increase by 2%?
The hond price would fall to $7,380
The bond price would remain at $8,000
The bond price would fall to $7,520
The bond price would rise to $8,320
A bond is priced at $ 8 , 0 0 0 and has a

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