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Assume you have a 30 year, 3% semiannual coupon bond with a face value of $1,000. Assume that the bonds yield to maturity was 10%

Assume you have a 30 year, 3% semiannual coupon bond with a face value of $1,000. Assume that the bonds yield to maturity was 10% but has dropped to 6%. What has been the impact on the price of the bond? A) + 72.604%. B) + 73.492%. C) + 73.307% D) - 72.604%

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