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Bond Dave has a 5 percent coupon rate, makes semiannual payments, a 8 percent YTM, and 21 years to maturity. If interest rates suddenly rise
Bond Dave has a 5 percent coupon rate, makes semiannual payments, a 8 percent YTM, and 21 years to maturity. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave?
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