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(a) A 5-year bond trading at par with a 10% coupon will change in price by what percentage if the yield-to-maturity changes to 11%? (Provide

(a) A 5-year bond trading at par with a 10% coupon will change in price by what percentage if the yield-to-maturity changes to 11%? (Provide an answer to the change in price in one decimal place and olace and assume a face value of 100)

(b) Is the bond trading at a discount, premium or par?

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