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One year ago, you purchased a $ 1 , 0 0 0 face value bond for a clean price of $ 9 8 0 .

One year ago, you purchased a
$1,000 face value bond for a clean price of $980. The bond
currently has seven years remaining until maturity, pays a coupon
payment of $45 every six months, and has a yield to maturity of
6.87 percent. What is the percentage change in the bond price over
the past year?
14.70 percent
14.70 percent

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