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A 15-year, 6% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this
A 15-year, 6% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this bond if the market yield to maturity rises to 6.5% from the current rate of 6.25%?
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