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This morning, Marty bought a 4% coupon bond at par value. The bond pays semi-annual interest and has twenty years to maturity. By what percentage

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This morning, Marty bought a 4% coupon bond at par value. The bond pays semi-annual interest and has twenty years to maturity. By what percentage will the price of Marty's bond change if market interest rates (annual interest rate) rise by 1.5% tonight? a. 18.06% b. 8.19% c. -4.10% d. 18.06%% e. 8.19%

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