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A bond has a $1,000 par value and an 8 percent coupon rate. The bond has four years remaining to maturity and a 10 percent

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A bond has a $1,000 par value and an 8 percent coupon rate. The bond has four years remaining to maturity and a 10 percent yield to maturity. the bond yield would decrease by o.3 percentage points, the estimated percentage change in price of the bond would be O a. +0.97 O b. -0.97 . +0.38 O d. +0.40 O e. None of these choices are correct

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