Question: Consider a 5-year term-to-maturity bond with a $1,000 face value and $100 annual coupon interest payments. The bond sells at par. What is the bond's

Consider a 5-year term-to-maturity bond with a $1,000 and $100 annual interest payments. The bond sells at par. What is the bond's percentage price change if the yield-to-maturity rises to 12%; if it falls to 8%?

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