Current market rate of interest

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Assume you purchased a Caesars Corporation Bond one year ago for $1,212.85 when the market rate of interest was 7.5%. This bond matures ten years from today and is contracted to pay a semi-annual coupons at the rate of 9%. If the current market rate of interest is 13%, what would be the percentage change in bond value from the time you purchased this bond until today?

Reference no: EM132516039

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