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Assume that I he price of a $1.000 zero coupon bond with five years to maturity is $567 when the required rale of return is

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Assume that I he price of a $1.000 zero coupon bond with five years to maturity is $567 when the required rale of return is 12 percent If the required rate of return suddenly changes to 15 percent, what is the price elasticity of the bond? -.980 +.980 -.494 +.494 none of the above

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