What is the percentage change in the price of this bond if


A 16-year, 4.5 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.3 percent from the current rate of 5.6 percent

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Financial Management: What is the percentage change in the price of this bond if
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