Question: Question 12 x Your answer is incorrect. Try again. Calculate the price change for a 1-percent decrease in market yield for the following bond: par

Question 12 x Your answer is incorrect. Try again. 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 = 11 years. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 4 decimal places, e.g. 1,564.2556.) Change in price

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