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Bond Dave has an 8% coupon rate, makes semiannual payments, a 9% YTM, and 25 years...

Bond Dave has an 8% coupon rate, makes semiannual payments, a 9% YTM, and 25 years to maturity. If interest rates suddenly rise 4%, what is the percentage change in the price of bond dave? answer with 4 decimals.

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Answer: -0.3681

jeff jeffy answered 2 years ago
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