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A 16-year Treasury bond was issued yesterday at par (i.e., at its $1,000 face value). Its coupon rate is 5.7 % annually and paid on
A 16-year Treasury bond was issued yesterday at par (i.e., at its $1,000 face value). Its coupon rate is 5.7 % annually and paid on a semiannual basis. Today, its price increased $26.5 . By how many basis points did the yield-to-maturity change (enter answer in basis points)?
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