Question: You bought a 9-year bond with $100 face value at a price of $102 with a coupon rate of 12.00% paid semiannually. After 2 years,

You bought a 9-year bond with $100 face value at a price of $102 with a coupon rate of 12.00% paid semiannually. After 2 years, (7 years left in maturity) you decide to sell it and you find that the new yield to maturity is 8.00% APR. What is the percentage change in the bonds price?

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