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An annual pay bond as 10 years to maturity, has a coupon rate of 6% and yields 7%. If interest rates suddenly increase by 1%,

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An annual pay bond as 10 years to maturity, has a coupon rate of 6% and yields 7%. If interest rates suddenly increase by 1%, what is the effect on the bond's price? If this bond had 20 years to maturity would this change be more or less? Why? rate ol

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