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Calvin and Andre both have bonds they bought at par value which pay a 9.50% 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 9.50% 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 11.8%, what is the approximate change in value of Andre's bond? Multiple Choice 15.53% -18.39% -15.53 o 17 1776%

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