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Consider a bond with a required yield of 5 percent, ten years to maturity, and a coupon rate of 4 percent. If the yield to
Consider a bond with a required yield of 5 percent, ten years to maturity, and a coupon rate of 4 percent. If the yield to maturity remains the same, what is the percentage change in the bonds price over the next year? You may use Excel or a financial calculator. Please assume semiannual coupons.
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