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Bond B is a 12.5% coupon bond with 20 years to maturity. It takes semiannual payments. and has a YTM of 14%. if the interest
Bond B is a 12.5% coupon bond with 20 years to maturity. It takes semiannual payments. and has a YTM of 14%. if the interest rate suddenly falls by 3%. what is the percentage price change of the bond?
a) 22.50%
b) 24.48%
c) 60.59%
d) -19.67%
e) -18.37%
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