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8. You buy a 30 year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of i 196 compounded

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8. You buy a 30 year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of i 196 compounded once per year. A few minutes later the annual yield rises to i 2% compounded once per year. What is the percent change in the value of the bond? (Hint: recall the formula for percent change. The answer should be negative.) lato text

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