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13 Consider a bond that pays annually an 8% coupon with 20 years to maturity and a face value of $1,000. The percentage change in

13 Consider a bond that pays annually an 8% coupon with 20 years to maturity and a face value of $1,000. The percentage change in the price of the bond if its yield to maturity increases from 59 to 7% is closest to: of a. -22% b. 24% c. 22% d. -24%

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