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A bond has a coupon rate of 8 percent, 7 years to maturity, semiannual interest payments, and a yield to maturity (YTM) of 8 percent.

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A bond has a coupon rate of 8 percent, 7 years to maturity, semiannual interest payments, and a yield to maturity (YTM) of 8 percent. If interest rates suddenly rise by 2 percent, what will be the percentage change in the bond price? 7.64 percent 8.99 percent 7.56 percent 8.87 percent 9.9 percent

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