What is the change in the price of this bond if the yield
A 5 year, 4.25% coupon bond has a par value of $1,000. What is the change in the price of this bond if the yield to maturity rises to 4.75% from the current yield of 3.75%?
a) $22.31 increase
b) $44.21 increase
c) $44.63 decrease
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