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Ernie bought Bond E four years ago, at a price of $1,000. Today, the bond currently has eight years to maturity and has an annual

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Ernie bought Bond E four years ago, at a price of $1,000. Today, the bond currently has eight years to maturity and has an annual coupon rate of 11%, making semi-annual coupon payments of the vield to maturity (VTM) on the bond is currently 13:5\% APR, and assuming the bond is priced correctly, how has the price changed from fouryears ago to todiy? Price has not changed Prochsincreased

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