Question
A 12-year, 9 percent coupon bond pays interest semi-annually. The bond has a face value of $1,000. What is the percentage change in the price
A 12-year, 9 percent coupon bond pays interest semi-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 8 percent from the current yield to maturity of 5 percent?
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
