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A bond has a coupon rate of 8%, and pays interest annually . It has a face value of $1000, and has 12 years remaining

  1. A bond has a coupon rate of 8%, and pays interest annually. It has a face value of $1000, and has 12 years remaining until maturity. It is currently selling at par. If its yield rises by 25 basis points today, what will be the percentage change in the price of this bond?

    -2.18%

    -1.32%

    -1.54%

    -2.35%

    -1.86%

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