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A bond has 8 years to maturity, annual interest payments, par value of $1,000, coupon rate of 9 percent and YTM of 7 percent. If

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A bond has 8 years to maturity, annual interest payments, par value of $1,000, coupon rate of 9 percent and YTM of 7 percent. If market yield to maturity suddenly increases to 8 percent, what is the percentage change in the price of this bond? a -6.17 percent O b.-3.47 percent O C.-7.16 percent d.-5.53 percent e. -8.26 percent

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