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Assume a 14-year bond with a $100 face value, a 6.50% coupon rate, and semiannual coupons is currently trading at par. All else constant, if
Assume a 14-year bond with a $100 face value, a 6.50% coupon rate, and semiannual coupons is currently trading at par. All else constant, if the yield to maturity of this bond suddenly changes to 8.00% APR, what will happen to the price of this bond? it will increase by $12.969 it will stay the same it will decrease by $12.366 it will decrease by $12.497
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