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  • 23-05-2023
  • Business
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Consider a 10 year bond with face value $1,000, pays 6% coupon semi-annually and has a yield-to- maturity of 7%. How much would the price of bond change if interest rate in the economy increases by 0.80% per year? increase by approximately $101 decrease by approximately $101 decrease by approximately $52 increase by approximately $60

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