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This morning, Marty bought a 4% coupon bond at par value of $1000 (1.e. the YTM is 4% per year, compounded semi-annually). The bond pays

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This morning, Marty bought a 4% coupon bond at par value of $1000 (1.e. the YTM is 4% per year, compounded semi-annually). 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 rise tonight to 5.5% per year compounded semi- annually? Select one: O a. 8.19% b. 4.10% OC -18.06% O d.-8.19% e. 18.06%

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