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Both Bond Biden and Bond Harris have 8.0 percent coupons, make semiannual payments, and are priced at par value. Bond Biden has four years to maturity, whereas Bond Harris has 20 years to maturity. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Biden
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Both Bond Biden and Bond Harris have 8.0 percent coupons, make semiannual payments, and are priced a...
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