What is the percentage change in the price of this bond

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Reference no: EM131518803

A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent? Is there a way to solve this on a financial calculator?

Reference no: EM131518803

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