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MBUS8212016FinalExam.pdf Hello, Wondering if anyone can help me understand how to calculate this question with the appropriate steps. Assume you have a 20 year, 1.95%

MBUS8212016FinalExam.pdf

Hello,

Wondering if anyone can help me understand how to calculate this question with the appropriate steps.

Assume you have a 20 year, 1.95% semiannual coupon bond with a face value of $1,000. Assume that the bonds yield to maturity was 3.25% but has increased to 3.88%. What has been the impact on the price of the bond (in percentage terms)?

Thanks

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