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Suppose a bond has a Macaulay Duration of 8.32 years and a current yield to maturity of 5.2%. If the yield to maturity increases to

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Suppose a bond has a Macaulay Duration of 8.32 years and a current yield to maturity of 5.2%. If the yield to maturity increases to 5.8%, what is the resulting percentage change in the price of the bond? A. 3.96% B. 4.87% C. 5.23% D. 454% QUESTION 38 Suppose Sammy sells a 5 year, $1,000 face value bond with a coupon rate of 48% that pays semi-annual payments. When he sells it, there are 3 months to go until the next coupon payment. How much wil the buyer have to pay Sammy in accrued interest? A. $12.00 B. $15.00 C. $24.00 D. $4800

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