(Answered) Determining the impact on the price of the bond

Finance

Question: Assume you have a 20 year, 1.95% semiannual coupon bond with a face value of $1,000. Assume that the bond's yield to maturity was 3.29% but has increased to 3.87%. What has been the impact on the price of the bond (in percentage terms)? Explain your answers and provides examples.

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