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A 15-year, 4.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price
A 15-year, 4.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.5 percent from the current rate of 4.0 percent? 17.34% 14.78% 17.34% 15.23% 14.78% A 15-year, 4.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.5 percent from the current rate of 4.0 percent? 17.34% 14.78% 17.34% 15.23% 14.78%
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