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Question 7 (2 points) Bond O is a 13% coupon bond with 20 years to maturity. It makes semiannual payments, and has a YTM of

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Question 7 (2 points) Bond O is a 13% coupon bond with 20 years to maturity. It makes semiannual payments, and has a YTM of 14%. If the interest rate suddenly falls by 3%, what is the percentage price change of the bond? O A) 24.33% OB) -17.10% C) -29.53% D) 29.54% E) 60.16%

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