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What is the percentage change in price for a zero coupon bond if the yield changes from 9% to 8.5%? The bond has a face
What is the percentage change in price for a zero coupon bond if the yield changes from 9% to 8.5%? The bond has a face value of $1,000 and it matures in 17 years. Use the price determined from the first yield, 9%, as the base in the percentage calculation. The percentage change in the bond price if the yield changes from 9% to 8.5% is %. (Round to two decimal places.)
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