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P Flag question Marked out of 6.00 Not yet answered Question 10 NorthSouth Company has bonds with 20 years to maturity, a face value of

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P Flag question Marked out of 6.00 Not yet answered Question 10 NorthSouth Company has bonds with 20 years to maturity, a face value of $1,000, coupon rate of 9 percent and YTM of 7 percent. The company makes semiannual payments. What is the percentage change in the price of this bond if the market yield suddenly decreases to 5 percent? 3. 10.22 percent b. 23.77 percent c. 19.03 percent d. 17.39 percent e. 13.92 percent VOUS

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