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A 15-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this
A 15-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this bond if the market yield decreases to 4.5% from the current yield of 5.5%? 8.88% O 5.97% 0 -10.94% O 10.94% O-5.97%
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