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A 1 2 - year, 5 % coupon bond pays interest annually. The bond has a face value of $ 1 , 0 0 0
A year, coupon bond pays interest annually. The bond has a face value of $ is the percentage change in the price of this bond if the yield to maturity rises to from the current yield to maturity of Round your answer to two decimal places. Pay attention to the positive or negative sign.
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