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Calvin and Andre both have bonds they bought at par value and lay 7.75% coupon rate. Calvins bond has 10 years to maturity and Andres

Calvin and Andre both have bonds they bought at par value and lay 7.75% coupon rate. Calvins bond has 10 years to maturity and Andres bond has 20 years to maturity. If intrest dates suddenly rise to 9.75% what js the approximate change in value if Andres Bond ?
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reip Jove CAIL JUDI Calvin and Andre both have bonds they bought at par value which pay a 775% 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 9.75%, what is the approximate change in value of Andre's bond? Multiple Choice -17.46% 17.46% 20.17% 3:10 PM

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