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QUESTION
What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%?
What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%? Its YTM is now 8.5%, it has an 8% annual coupon, $1,000 face value, it is currently priced at $897.26, and its duration is eight years.
