A 1 2 - year, 5 % coupon bond pays interest annually. The bond has a face

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Question:

12 -

year,

5 %

coupon bond pays interest annually. The bond has a face value of $

1, 000 .____%

is the percentage change in the price of this bond if the yield to maturity rises to

6 %

from the current yield to maturity of

4.5 % ? (

Round your answer to two decimal places. Pay attention to the positive or negative sign.

)

Posted Date: May 19, 2024 02:01 AM

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A 1 2 - year, 5 % coupon bond pays interest annually. The bond has a face

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