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Three years ago. JF Delisle purchased Procom's 18-year, 4.75% bonds at par. He notes the price...

Three years ago. JF Delisle purchased Procom's 18-year, 4.75% bonds at par. He notes the price has changed to 96.90 and he calculates the change in yield as:

A.

0.26%.

B.

0.30%

C.

0.03%.

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