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A Bond has 9 . 8 % coupons, makes semi - annual coupon payments, has 7 years to maturity, and is priced at par (

A Bond has 9.8% coupons, makes semi-annual coupon payments, has 7 years to maturity, and is priced at par (i.e., $1,000). If interest rates suddenly rise by 2%, find the percentage change in the bond's price.

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