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A $1000 bond (face value) with a coupon rate of 6% paid semi-annually has five...

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Finance

A $1000 bond (face value) with a coupon rate of 6% paid semi-annually has five years to maturity and a yield to maturity of 8%. By how much will the price of the bond change (in terms of $) three years from today given that yield to maturity remains the same?

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