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Suppose a 8 - year bond with $ 1 0 0 face value, 7 . 5 0 % coupon rate and quarterly coupons is currently
Suppose a year bond with $ face value, coupon rate and quarterly coupons is currently trading at a price of $ All else constant, if the yield to maturity of the bond suddenly changes to APR, what will happen to this bond's price?
it will increase by $
it will decrease by $
it will decrease by $
it will decrease by $
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