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A $1,000 face value bond has a coupon rate of 4.50%, 10 years to maturity, semiannual coupon payments, and a yield to maturity of 9.10%.

A $1,000 face value bond has a coupon rate of 4.50%, 10 years to maturity, semiannual coupon payments, and a yield to maturity of 9.10%. If interest rates suddenly rise by 1.30%, what will be the percentage change in the bond price? a. 14.36% b. -17.11% c. -9.06% d. -5.38% e. 20.53%

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