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A 1 0 - year zero - coupon bond has a face value of $ 1 , 0 0 0 . If its YTM changes
A year zerocoupon bond has a face value of $ If its YTM changes from to what is the resulting dollar value change in its price? Use the price determined from the first yield, as the base in your calculation. Round to the nearest cent eg $
Hint: Price change where is the value at and is the value at If the price dropped, answer should be negative.
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