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Calvin and Andre both have bonds they bought at per value which pay a 6.50% coupon rate. Calvin's bond has 10 years to maturity and

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Calvin and Andre both have bonds they bought at per value which pay a 6.50% coupon rate. Calvin's bond has 10 years to maturity and Andre's band has 20 years to matury. If interest rates suddenly rise to 8.8%, what is the approdmate change in value of Calvin's bond? Multiple Choice O -19.08% 14.54% -13.29% 19.08% -15.33% 13.29%

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