Question: Seved Help Save & Exit Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has ten years

Seved Help Save & Exit Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has ten years to maturity and Andre's bond has 20 years to maturity interest rates suddenly fol to 8%, what is the approximate change in value of Andre's bond? Multiple Choice 16.52% 716 HW CHO Help Save & Exit Submit

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