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16 ) Jordan bought a 4 % semi - annual coupon bond with 25 years to maturity at par value of $ 1,000 . If
16 ) Jordan bought a 4 % semi - annual coupon bond with 25 years to maturity at par value of $ 1,000 . If the required rate of return ( yield to maturity ) of this bond increases to 4.25 % , by how much does the value of the bond change ?
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
