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You purchased a bond at a clean price of 102.11. At some point in the future, the bond is worth 101.11. Then we know: a.The

You purchased a bond at a clean price of 102.11. At some point in the future, the bond is worth 101.11. Then we know:

a.The YTM of the bond fell.

b.The YTM of the bond rose.

c.We cannot determine what happened to the YTM of this bond with this little data.

Explain.

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