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Assume you purchased a Harrah's Entertainment, Incorporated bond one year ago for $846.28 when the market rate of interest was 10%. This bond matures 14

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Assume you purchased a Harrah's Entertainment, Incorporated bond one year ago for $846.28 when the market rate of interest was 10%. This bond matures 14 years from today and is contracted to pay a semi-annual coupons at the rate of 8%. If the current market rate of interest is 11%, what would be the percentage change in bond value from the time you purchased this bond until today? ( 10 points)

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