Question: Calculate the price change for a 1 - percent decrease in market yield for the following bond: par = $ 1 , 0 0 0

Calculate the price change for a 1-percent decrease in market yield for the following bond: par =$1,000; coupon rate =10 percent,
paid semi-annually; market yield =10 percent; term to maturity =10 years. (Round present value factor calculations and the final answer
to 2 decimal places, e.g.1,564.25. Insert positive number only.)
Change in price $
Calculate the price change for a 1-percent decrease in market yield

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