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How much would be the loss in price if an investor purchased a 32-year bond with a $1,000 par value, a 5% coupon paid annually

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How much would be the loss in price if an investor purchased a 32-year bond with a $1,000 par value, a 5% coupon paid annually and a 10% yield to maturity at the beginning, only to see market interest rates increase to 16% one year later? Multiple Choice $142.99 O $224.71 O $204.28 $163.42

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