What will be price change in each bond

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Reference no: EM131999568

Jackson Central has a 6-year, 8% annual coupon bond with a $1,000 par value. Earls Enterprises has a 12-yr, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6%. What will be price change (percentage) in each bond if the market yield increases to 7%?

Reference no: EM131999568

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