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Two bonds are in the market, as follows: Bond A: 5% coupon (annual pay), 7 years to maturity, $1000 face value. Bond B: 8% coupon

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Two bonds are in the market, as follows: Bond A: 5% coupon (annual pay), 7 years to maturity, $1000 face value. Bond B: 8% coupon (annual pay), 12 years to maturity, $1000 face value. Calculate the PERCENTAGE CHANGE IN PRICE for each of the two bonds IF MARKET YIELDS DROP FROM 7.5% TO 6.5%. Show your calculations as best you can

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