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30-year bond has a $1,000 face value, a 5% yield to maturity, and a 6% annual coupon rate, paid semi-annually. Modified duration is 14.91, what

30-year bond has a $1,000 face value, a 5% yield to maturity, and a 6% annual coupon rate, paid semi-annually. Modified duration is 14.91, what will be the price of the bond if YTM increases by 1%?

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