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How much has the price of the bond decreased

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Question - An investor beught a 10 year $1,000 face-value bond for par 3 years ago. The annual coupon rate on this band is 15% and interest payments are paid annually. Returns required by bond holders are new 396 higher than they were 3 years ago.

How much has the price of the bond decreased, given this information?

Reference no: EM131895835

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