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Consider a bond that pays annually an 8% coupon with 20 years to maturity. The amount that the price of the bond will change if

  1. Consider a bond that pays annually an 8% coupon with 20 years to maturity. The amount that the price of the bond will change if its yield to maturity increases from 5% to 7% is closest to?

    a

    -$268

    b

    -$225

    c

    -$310

    d

    -$250

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