A company issues a ten-year bond at par with a coupon rate of 6.3% paid semi-annually. The
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Question:
A company issues a ten-year bond at par with a coupon rate of 6.3% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.8%. What was the percentage change in the price of the bond over the past two years?
A) 11.81%
B) -43.04%
C) -10.56%
D) 75.55%
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