Question
A 20 year, 4% coupon bond has a price of $900 and face value of $1000. If the YTM stays the same for the next
A 20 year, 4% coupon bond has a price of $900 and face value of $1000. If the YTM stays the same for the next year, what will be the percentage change in the price of the bond over the next year?
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond
3rd Edition
0273713248, 9780273713241
