What impact will it have on the price of the bond

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Question: A 6% annual coupon bond with a $1,000 par value has a yield to maturity of 7.5%. This bond has a duration of 7.45 years. If the market interest rate goes up by 20 basis points, what impact will it have on the price of this bond? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132753312

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