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What is the percentage change in price for zero coupon bond

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Problem 1: What is the percentage change in price for a zero coupon bond if the yield changes from 6.5?% to ?5.5%? The bond has a face value of ?$1000 and it matures in 12 years. Use the price determined from the first? yield, 6.5?%, as the base in the percentage calculation.

Reference no: EM132797363

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