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A 8 - year zero coupon bond with a $ 1 , 0 0 0 face value has an interest rate of 6 . 3
A year zero coupon bond with a $ face value has an interest rate of per year. What would be the change in the bonds value if the year interest rate were to rise by basis points. Remember: your answer needs to have a negative sign if the number is negative and should not quote in percent or basis points.
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