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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
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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 its yield to maturity increases from 5% to 7% is closest to?
a -$268
b -$225
c -$310
d -$250
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