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15 - Consider a 5-year bond, 4% bond with a face value of euro1,000 today at par. In one year's time interest rates have risen

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15 - Consider a 5-year bond, 4% bond with a face value of euro1,000 today at par. In one year's time interest rates have risen to 4,5%. By how much will the value of the bond have changed? a) -23.45 b) +45.21 C) 0 281 d) -17.94

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