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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% yleld to maturity at the beginning only to see market interest rates increase to 13% one year later? Multiple Choice $52.11 O $36.48 O $4169 $5732

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