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Royal Shipping has a 3-year,7%semi-annual coupon bond with a $1000 par value. The bond currently has a yield to maturity of 6.5%.What is the percentage

Royal Shipping has a 3-year,7%semi-annual coupon bond with a $1000 par value. The bond currently has a yield to maturity of 6.5%.What is the percentage change in the current value of the bond if the market yield increases to 8.5%?

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