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just this morning, you bought a bond issued by James Corporation at par. The bond was a 2 0 year bond with a face value

just this morning, you bought a bond issued by James Corporation at par. The bond was a 20 year bond with a face value of 1000, paying 9% annual coupons. at 3;30 pm today, CNN has a breaking news announcing that FBI has a search warrant and entered their coroporate headquarters looking for documents. The market reacts to the news and the yield on the bond jumps by 2%- that is the new yield is 2% higher than the yeild that you were hoping to get when you bought this morning. Reacting to the news, you sell the bond. in the process would i incurr either a loss or profit? Additionaly what would that loss or profit be? Show how to do on a basic financial calculator

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