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Company Lexus . has a 5 percent coupon bond outstanding. Company BMW has a 6...

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Finance

Company Lexus . has a 5 percent coupon bond outstanding. Company BMW has a 6 percent bond outstanding. Both bonds have 12 years to maturity, make semiannual payments, and have a YTM of 9 percent. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of these bonds?

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