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A bond has a 7.04 percent coupon rate, makes semiannual payments, a 5.11 percent YTM, and 7 years to maturity. If interest rates suddenly rise
A bond has a 7.04 percent coupon rate, makes semiannual payments, a 5.11 percent YTM, and 7 years to maturity. If interest rates suddenly rise by 3.1 percent, what is the percentage change in the price? Write your answer in percentage form, and put the negative sign if you need to. For example, -20.15.
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