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Commonwealth Company has a 1 0 % annual coupon bond with a par value of $ 1 0 0 0 and the bond matures in

Commonwealth Company has a 10% annual coupon bond with a par value of $1000 and the bond matures in 5 years. The current yield to maturity on new bonds is 8%. If interest rates increase by 0.5% over the next year, how much will the price of Commonwealth bonds change?

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