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Price of the bond in percentage

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Reference no: EM131109057

Can someone please show me the steps in calculating the correct answer for this bond problem?

Bond Length: 20 years

Semi Annual Coupon Bond: 1.75%

Face Value: $1,000

Yield to Maturity: Was 3.15% but has increased to 3.65%

Question: What has been the impact on the price of the bond in percentage terms?

Reference no: EM131109057

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