(Answered) Bond dave has a 9 percent coupon rate makes semiannual

Finance

Bond Dave has a 9 percent coupon rate, makes semiannual payments, a 10 percent YTM, and 12 years to maturity. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

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