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A 15-year, 8% 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, 8% 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 interest rate decreases to 4.5% from the current rate of 5.5%? 7.68% increase 9.88% increase 9.10% decrease 7.68% decrease 6.68% increase
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
