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Gamestop just issues a 10-year, 6 percent coupon bond that pays interest semiannually. The bond has a face value of $1,000. What is the percentage

Gamestop just issues a 10-year, 6 percent coupon bond that pays interest semiannually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.6 percent from the current rate of 5 percent?

Question 8 options:

5.58 percent decrease

7.35 percent decrease

4.68 percent increase

9.32 percent increase

4.42 percent decrease

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