A 10-year $5,000 par value bond bearing a 7% coupon rate payable semi-annually is selling at par value. If prevailing market rates of interest suddenly
A 10-year $5,000 par value bond bearing a 7% coupon rate payable semi-annually is selling at par value. If prevailing market rates of interest suddenly go to 9% convertible semiannually, find the percentage change in the price of the bond.
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Authors: George H. Pink
6th Edition
1567939651, 978-1567939651
