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You bought a bond one year ago for $1,070.85.This bond pays a semi-annual coupon at the rate of 8.4% and matures 19 years from today.What

You bought a bond one year ago for $1,070.85.This bond pays a semi-annual coupon at the rate of 8.4% and matures 19 years from today.What is the percentage change in price from last year until today if interest rate have fallen and a fair yield for this bond is now 7.2%?

(a) + 10.34%

(b) +4.89%

(c) -17.16%

(d) +4.66%

(e) -4.66%

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