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Interest Rate Risk Consider three bonds with 1 4 . 2 3 % coupon rates, all selling at face value. The short - term bond

Interest Rate Risk
Consider three bonds with 14.23% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years.
a. What will be the price of each bond if their yields increase to 17.1%?(Do not round intermediate calculations. Round your answers to 2 decimal places.)
\table[[,4 Years,8 Years,30 Years],[Bond price,$,$M,$
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