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    Changes in prices of the bond

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    A 12-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this bond if the market yield rises to 6% from the current yield of 4.5%?

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    https://brainmass.com/business/bond-valuation/changes-in-prices-of-the-bond-333661

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