A company issues a ten-year $1,000 face value bond at par with a coupon rate...
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Accounting
A company issues a ten-year $1,000 face value bond at par with a coupon rate of 6% paid semiannually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 4%. What was the percentage change in the price of the bond over the past two years?
Group of answer choices
-6.28%
13.58%
21.20%
-12.09%
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