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no excel 1. A $1,000 bond due in seven years is currently priced at par and pays an annual 4% coupon. The retail company issuing

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no excel
1. A $1,000 bond due in seven years is currently priced at par and pays an annual 4% coupon. The retail company issuing the bond announced it is closing its flagship store, causing the yield-to-maturity on the bond to rise to 5%. What was the percentage decline in the price of the bond due to this news? a. -1.0% b. -5.8% C. -1.9% d. -7.0% e. -1.2%

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