Calculate by what percentage e the price of the bond has


A year ago a corporation issue a 10 year bond with a face value of $1000 and a coupon rate of 5,3% at par. Today, interest rate have declined, causing the yield to maturity to drop by 1.64% versus the yield of maturity when the bond was issue last year. Calculate by what percentage e the price of the bond has increased over the past year based on the decline of the yield to maturity.

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Financial Management: Calculate by what percentage e the price of the bond has
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