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A 10-year, 8% coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of
A 10-year, 8% coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield rises to 9% from the current rate of 8.5%? Select one: a. - 3.71% b. - 4.23% c. - 4.08% d. - 2.98% e. - 3.24%
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
