Bond Dave hasa 9 percent coupon rate, makes semiannual payments, a 10 percent YTM, and 12 years
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Bond Dave hasa 9 percent coupon rate, makes semiannual payments, a 10 percent YTM, and 12 years to maturity.If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).
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