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Help Save & Exit Submit Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has ten years

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Help Save & Exit Submit Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has ten years to maturity and Andre's bond has 20 years to maturity. If interest rates suddenly fall to 8%, what is the approximate change in value of Calvin's bond? Multiple Choice 0:29:13 0 18.40% O O 13.59%

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