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1. Consider a 3-year 5% annual coupon bond with $1,000 face value and yield to maturity of 6%. If its YTM were to go up
1. Consider a 3-year 5% annual coupon bond with $1,000 face value and yield to maturity of 6%. If its YTM were to go up to 7%, how much would its value change? Answer in percent, rounded to two decimal places. 2. Consider the same 3-year 5% annual coupon bond with $1,000 face value and yield to maturity of 6%. If its YTM were to go up by one basis point (to 6.01%), how much would its value change? Answer in dollars, rounded to three decimal places
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