Question: A 1 0 0 0 par value bond with six years left to maturity pays an interest payment semiannualy with a 7 % coupon rate

A 1000 par value bond with six years left to maturity pays an interest payment semiannualy with a 7% coupon rate and is price to have 6.3 percent yield to maturity. If interest rates suprisingly increase by 0.5 percent, by how much will the bonds price change

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