[Solved] Assume you have a 30-year, 3% semi-annual

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

Assume you have a 30-year, 3% semi-annual 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?

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