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You purchase a 15-year bond at a premium of $1,172.92 with a 10% semi-annual coupon rate and 8% return. Two years later, you sell the
You purchase a 15-year bond at a premium of $1,172.92 with a 10% semi-annual coupon rate and 8% return. Two years later, you sell the bond. What is the price difference if the interest rates rose 2%? (rounded to 2 decimal places)
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