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Newton owns a 5 % bond that has 5 years to maturity and an 1 6 . 8 % yield to maturity ( YTM )
Newton owns a bond that has years to maturity and an yield to maturity YTM If the YTM on the bond decreases to how much will the bond change in value?
Increase by $
Increase by $
Decrease by $
Decrease by $
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