Question: Question #2 A non-callable bond with 192 months remaining maturity has a semi-annual coupon of 5.5% and a $1,000 par value. The yield to maturity

Question #2 A non-callable bond with 192 months remaining maturity has a semi-annual coupon of 5.5% and a $1,000 par value. The yield to maturity on the bond is 4.8%. Which of the following is closest to the estimated price change of the bond using duration if rates rise by 75 basis points

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