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an investor purchased the following five bonds. Each bond had a par value of $1,000 and an 8% yield to maturity on the purchase day.
an investor purchased the following five bonds. Each bond had a par value of $1,000 and an 8% yield to maturity on the purchase day. Immediately after the investor purchased them, interest, rates fell, and each then had a new YTM of 7%. What is the percentage change in price for each bond after the decline in interest rates.
Bonds
10 year 10% annual coupon
10 year zero
5 year zero
30 year zero
$100 perpetuity
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