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A 15-year, 6 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the change in the price of
A 15-year, 6 percent 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 to maturity rises to 7 percent from the current rate of 6 percent? A. 9.11 percent decrease B. 10.02 percent increase C. 9.11 percent increase D. 10.02 percent decrease E. 9.56 percent increase
I put FV = 1,000
PMT = 60
I/Y = 6
n = 15 and always get the wrong PV of -1358.138 (not 1000), what am I doing wrong
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