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Sierra owns a 15% bond that has 6 years to maturity and an 7.6% yield to maturity (YTM). If the YTM on the bond increases

Sierra owns a 15% bond that has 6 years to maturity and an 7.6% yield to maturity (YTM). If the YTM on the bond increases to 12.4%, how much will the bond change in value? Decrease by $243.51 Increase by $194.52 Decrease by $194.52 Increase by $243.51

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