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A ten-year bond has an 10% coupon rate and face value of $1000. What is the percentage change in the price of this bond if

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A ten-year bond has an 10% coupon rate and face value of $1000. What is the percentage change in the price of this bond if the discount rate rises to 12% from the current level of 10%? Assume the bond makes semi-annual coupon payments. Approximately 13% decrease Approximately 10% increase Approximately 2% decrease Approximately 12% decrease O Approximately 2% increase

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