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Consider a 5 - year bond, 4 % bond with a face value of euro 1 , 0 0 0 today at par. In one

Consider a 5-year bond, 4% bond with a face value of euro1,000 today at par. In one year's time, interest rates have risen to 4,5%. By how much will the value of the bond have changed?
a)22
b)0
c)-17.94
d)+45.21
e)-23.45
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