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The term structure is flat at 8%. Consider an 8% coupon bond with semiannual payouts that matures in 10 years. If yields increased by 1

The term structure is flat at 8%. Consider an 8% coupon bond with semiannual payouts that matures in 10 years. If yields increased by 1 basis point (y = 8.01%) what would be the effect on price? If the yield curve was flat at 9% and increased by 1 basis point, would the price effect be bigger or smaller. Explain

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