Question: 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

 Calculate the price change for a 1-percent decrease in market yield

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 =7 years. (Round present value factor colculations and the final answer to 2 decimal ploces, e.g. 1,564.25. Insert positive number only] Change in price $

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