Question: A 2 0 - year, 6 . 5 percent coupon bond pays interest annually. The bond has a face value of $ 1 , 0

A 20-year, 6.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent?
Question 6 options:
2.27%
-2.46%
2.14%
2.39%
-2.27%

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