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A 10-year annual coupon bond was issued four years ago at par. Since then the bonds yield to maturity (YTM) has decreased from 9% to
A 10-year annual coupon bond was issued four years ago at par. Since then the bonds yield to maturity (YTM) has decreased from 9% to 7%. What is the value of the bond at the interest rate 9% and at the interest rate 7% Explain the change that occurred using your understanding of finance.
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Understanding Healthcare Financial Management
Authors: Louis C. Gapenski, George H. Pink
6th Edition
1567933629, 9781567933628
