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a bond has 8 years to maturity, annual interest payments, par value of 1000, coupon rate of 9 percent and YTM of 7 percent. f

a bond has 8 years to maturity, annual interest payments, par value of 1000, coupon rate of 9 percent and YTM of 7 percent. f market yield to maturity suddenly increases to 8 percent, what is the percentage change in the price of this bond ?

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