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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 8-year zero coupon bond with a $1,000 face value has an interest rate of 6.3% per year. What would be the change in the bonds value if the 8-year interest rate were to rise by 22 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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