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12. A bond has a coupon rate of 6%, a face value of $1,000, and a maturity of 12 years. If the yield to maturity

12. A bond has a coupon rate of 6%, a face value of $1,000, and a maturity of 12 years. If the yield to maturity changes from 7% to 6%. How much will the bond price change?

79.43

81.45

86.45

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