Bond Prices and Interest Rate Changes A 6.25 percent coupon bond with 22 years left to maturity

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Bond Prices and Interest Rate Changes A 6.25 percent coupon bond with 22 years left to maturity is priced to offer a 5.5 percent yield to matu- rity. You believe that in one year, the yield to maturity will be 6.0 percent. If this occurs, what would be the total return of the bond in dollars and percent? (LG5)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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