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Consider a 15-year zero-coupon bond with 10% annual coupon rate. By what percentage will the price of this bond change if its yield to maturity
Consider a 15-year zero-coupon bond with 10% annual coupon rate. By what percentage will the price of this bond change if its yield to maturity increases from 5% to 6%?
The price decreases by
Select one:
A. 11.8%
B. 13.2%
C. 12.1%
D. 14.2%
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