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You are a fixed income analyst with an active investment in two bonds. X and Y. Bond X has a coupon rate of 2% and

You are a fixed income analyst with an active investment in two bonds. X and Y. Bond X has a coupon rate of 2% and Bond Y has a 10% annual coupon. Both bonds have 13 years to maturity. The yield to maturity for both bonds is now 13%. If the required return rises by 12%, by what percentage will the price of the bond X change?

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