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An 8% Bond with remaining maturity of 8 years is quoted in the Bond Market at $891,62 at current going market interest rate of 10%.

An 8% Bond with remaining maturity of 8 years is quoted in the Bond Market at $891,62 at current going market interest rate of 10%. if the market interest rate suddenly goes up from 10% t0 15%, the Price of this Bond would Change by what percentage?

- 24%

+ 24%

+50%

-50%

0%, because Bond Prices don't change over its Life

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