Question: A company issues a ten year $1,000 face value bond at par with a coupon rate of 6.5% paid semiannually. The YTM at the beginning

A company issues a ten year $1,000 face value bond at par with a coupon rate of 6.5% paid semiannually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.7%.

What was the percentage change in the price of the bond over the past two years?

-10.42%

-15.62%

-13.01%

-18.22%

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