Question: A $ 1 , 0 0 0 par value bond with four years left to maturity pays an interest payment semiannually with a 6 percent
A $ par value bond with four years left to maturity pays an interest payment semiannually with a percent coupon rate and is priced to have a percent yield to maturity. If interest rates surprisingly increase by percent, by how much will the bonds price change?
Note: Do not round intermediate calculations. Round your answer to decimal places. eg
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