Question: You have a 3 0 year, 2 . 4 % semi - annual coupon bond with a face value of $ 1 , 0 0

You have a 30 year, 2.4% semi-annual coupon bond with a face value of $1,000. Assume the bond's yield to maturity was 1.7% but has increased to 2.2%. What has been the impact on the price of the bond?

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