If interest rates suddenly rise by 1 percent what is the, Financial Management

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If interest rates suddenly rise by 1 percent what is the

Bond Dave has a 10 percent coupon rate, makes semiannual payments, a 10 percent YTM, and 23 years to maturity. If interest rates suddenly rise by 1 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

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Financial Management: If interest rates suddenly rise by 1 percent what is the

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