Question
A 12-year, 5 % coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of
A 12-year, 5 % coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of this bond if the market yield rises to 6 % from the current yield of 4.5 %?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
