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How much would be the loss in price if an investor purchased a 29-year bond with a $1,000 par value, a 3% coupon paid annually

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How much would be the loss in price if an investor purchased a 29-year bond with a $1,000 par value, a 3% coupon paid annually and a 11% yield to maturity at the beginning only to see market interest rates increase to 17% one year later? Multiple Choice $133.51 $9710 $84.96 $121.37

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