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The Corner Grocer has a 23-year, 6.0 percent semiannual coupon bond outstanding with a 1,000 par value. The bond has a yield to maturity of
The Corner Grocer has a 23-year, 6.0 percent semiannual coupon bond outstanding with a 1,000 par value. The bond has a yield to maturity of 4.0 percent. What is the percentage change in the price if the market yield suddenly increases to 6.0 percent
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