Question: please help me solve #10. thank you A 20 -year bond pays annual coupons of $65, has a par value of $1,000, and is selling
please help me solve #10. thank you
A 20 -year bond pays annual coupons of $65, has a par value of $1,000, and is selling for $725. If the rates were to rise by 125 basis points, find the percent change in the price of the bond. (Enter your answer in a decimal format rounded to 0.0001 )
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