Question: A 2-year zero coupon bond with a $1,000 face value has an interest rate of 3.5% per year. What would be the change in the

A 2-year zero coupon bond with a $1,000 face value has an interest rate of 3.5% per year. What would be the change in the bonds value if the 2-year interest rate were to rise by 35 basis points. (Remember: your answer needs to have a negative sign if the number is negative and should not quote in percent or basis points.)

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