Question: please answer If interest rates increase from 3% to 4%, a $100,000 10 year bond with a duration of 8 years would in price by

please answer

If interest rates increase from 3% to 4%, a $100,000 10 year bond with a duration of 8 years would in price by approximately O a. increase; 7.8% O b. decrease; 9.7% O c. increase; 9.7% O d. decrease; 7.8%
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