Question: A bond's current par value is $1,000, annual coupon is $65, 15 years until maturity, and current yield is 8.2%. What is the (approximate) percent

A bond's current par value is $1,000, annual coupon is $65, 15 years until maturity, and current yield is 8.2%. What is the (approximate) percent price change for 2% change in yield?


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