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Microsofts bond has 9% coupon, which is paid once per year. The bonds yield to maturity is 12% and its duration is 15 years. The

Microsofts bond has 9% coupon, which is paid once per year. The bonds yield to maturity is 12% and its duration is 15 years. The bond is selling in the market at a price = $495. What will be the new price of the bond if its yield to maturity increases to 12.50%?

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