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One year ago, XYZ Co. issued 18-year bonds at par. The bonds have a coupon rate of 6.47 percent, paid semiannually, and a face value

One year ago, XYZ Co. issued 18-year bonds at par. The bonds have a coupon rate of 6.47 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.48 percent. What is the percentage change in the bond price over the past year?

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