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One year ago, an investor bought a 15-year $1000 face-value bond that has an annual coupon rate of 6%, and interest payments are paid semi-annually.

One year ago, an investor bought a 15-year $1000 face-value bond that has an annual coupon rate of 6%, and interest payments are paid semi-annually. The yield to maturity was 8.3% when the investor bought the bond, but the yild to maturity is 9.2% today. How much has the price of the bond decreased since the date of purchase? A. $61.56 B. $62.29 C. $53.07 D. $53.81 E. $90.00

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