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Calculate the price change for a $1-$percent decrease in market yield for the following bond: par $=$$$1,000$; coupon rate $=9$ percent, paid

semi$-$annually; market yield $=9$ percent; term to maturity $=8$ years. $($Round present value factor calculations and the final answer to $2$

decimal places, e$.$g$.1,564\mathrm{.}25.$ Insert positive number only.$)$

Change in price $

Attempts: $0$ of $3$ used

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