(Answered) Assume you have a 9 year 395 semiannual coupon bond with a

Finance

Assume you have a 9 year, 3.95% semiannual coupon bond with a face value of $1,000. Assume that the bond's yield to maturity was 2.98% but has increased to 3.70%. What has been the impact on the price of the bond (in percentage terms)? Please show all of your work.

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