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CALCULATE AND SHOW ALL WORK D Question 29 5 pts Assume that the price of a $1,000 zero coupon bond with 5 years to maturity

CALCULATE AND SHOW ALL WORK
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D Question 29 5 pts Assume that the price of a $1,000 zero coupon bond with 5 years to maturity is $713 when the required rate of return is 7 percent. If the required rate of return suddenly changes to 5 percent, what is the price elasticity of the bond

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