What would be the expected change to a 30-year bonds market


What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%? Its YTM is now 9%, it has an 8% annual coupon, $1,000 face value, it is currently priced at $897.26, and its duration is eight years.

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Financial Management: What would be the expected change to a 30-year bonds market
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