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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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