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One year ago, you purchased a $1,000 face value bond for a price of $980. The bond currently has seven years remaining until maturity, pays
One year ago, you purchased a $1,000 face value bond for a 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?
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