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A 20-year, 8% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this

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A 20-year, 8% 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 7.5% from the current rate of 7.25%? $29.38 increase $27.38 increase $26.96 decrease $23.12 decrease $32.64 decrease

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