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Both Bond Bill and Bond Ted have 10.0 percent coupons, have 7 years left to maturity, make semiannual payments, and are currently priced at par

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Both Bond Bill and Bond Ted have 10.0 percent coupons, have 7 years left to maturity, make semiannual payments, and are currently priced at par value. If interest rates suddenly change by +3%, what is the percentage change in the price of these bonds? 1) Below 0% 2) Between 0.00% and +5.00% 3) Between +5.01% and + 10.00% 4) Between + 10.01% and +15.00% 5) Between +15.01% and +20.00%

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