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Laurel inc has 7 percent coupon bonds outstanding, with semiannual interest payments, priced at par value. the Laurel inc bond has four years to maturity.

Laurel inc has 7 percent coupon bonds outstanding, with semiannual interest payments, priced at par value. the Laurel inc bond has four years to maturity. if interest rates suddenly rise by 2 per cent, what is the change in the price of these bonds

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