Question: You bought a 7-year bond with $100 face value at a price of $103.5 with a coupon rate of 11.00% paid annually. After 3 years,
You bought a 7-year bond with $100 face value at a price of $103.5 with a coupon rate of 11.00% paid annually. After 3 years, (4 years left in maturity) you decide to sell it and you find that the new yield to maturity is 4.00% APR. What is the percentage change in the bond's price
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