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A zero coupon bond, with a face value of $1,000, will mature in 10 years. The current yield to maturity for this bond is 9%.

A zero coupon bond, with a face value of $1,000, will mature in 10 years. The current yield to maturity for this bond is 9%. If the yield to maturity increases to 11%, by what percentage will the market price change?

Group of answer choices

-19.94%

-16.63%

16.63%

19.94%

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