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Tayzor Guitars has a bond outstanding with a coupon of 1 5 percent with semiannual payments and a yield to maturity of 1 2 .
Tayzor Guitars has a bond outstanding with a coupon of percent with semiannual payments and a yield to maturity of percent. The bonds mature in years and have a face value of $ What is the percentage change in market value if the yield to maturity increases to percent?
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