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Calvin and Andre both have bonds they bought at par value which pay a 6.75% coupon rate. Calvin's bond has 10 years to maturity and

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Calvin and Andre both have bonds they bought at par value which pay a 6.75% coupon rate. Calvin's bond has 10 years to maturity and Andre's bond has 20 years to maturity. If interest rates suddenly rise to 9.05%, what is the approximate change in value of Andre's bond? -1874% 2178% 18.74% 13.15% 13.15% 2305

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