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A bond matures in 15 years, has a 12-year duration and a yield to maturity of 4%, with coupons paid annually. The market interest rate

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A bond matures in 15 years, has a 12-year duration and a yield to maturity of 4%, with coupons paid annually. The market interest rate increases by 0.5%. The percentage change in price is -5.77% O 5.77% O 6.00% -6.00% What is the current price of a $1,000, 7% coupon bond that pays interest annually if the bond matures in 10 years and has a yield-to-maturity of 4%? $1.075.30 $1,341.21 $1,170.60 O $1.243.33

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