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答案和详解如下：

Q56   C  Study Session I6-72-f

The total estimated price change for the bond is composed of the estimation based on the convexity. An option-free bond will exhibit positive convexity (gains will be greater than losses  given a change in yields) making the reduction price less than that implied by duration alone.

vivian1022

c

LEEFEI571

C

水模样

c

nijiu

c

ondesert

c

technet

c

stonede

kk

47dx

c

雍和宫

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