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You buy a 1 0 - year bond with an annual coupon'rate of 1 0 % that pays coupons twice a year with a face
You buy a year bond with an annual coupon'rate of that pays coupons twice a year with a face value of $ The current yieldtomaturity is annually.
a If its yield to maturity decreases by by what percentage will the price of the bond change? Points
b If its yield to maturity increases by by what percentage will the price of the bond change? Points
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