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What is the price of a 1000 annual coupon bond, coupon rate of 6%, matures in 12 years, and YTM is 8%? What is the
What is the price of a 1000 annual coupon bond, coupon rate of 6%, matures in 12 years, and YTM is 8%? What is the price if the YTM increases to 9%? What is the price if the YTM decreases to 7%?
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