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Estimate the percentage price change for a 18-year, $1,000 par value bond, with a 5...

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Finance

Estimate the percentage price change for a 18-year, $1,000 par value bond, with a 5 percent coupon, if the yield changes from 11.7 percent to 7.3 percent. Interest is paid semiannually.

Round your answer to two decimals in percentage. If your answer is a negative number, you should include the negative sign "-". E.g., "-5.0187%" should be entered as "-5.02".

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