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P 6 . 2 3 Consider the following bonds: Bond Coupon Rate ( annual payments ) Maturity ( yr . s ) A 0 %

P 6.23 Consider the following bonds:
Bond Coupon Rate (annual payments) Maturity (yr.s)
A 0%15
B 0%10
C 4%15
D 8%10
What is the percentage change in the price of each bond if its yield to maturity falls from 6% to 5%?

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