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A 22-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
A 22-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 5.2% from the current yield of 4.5%?
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Environmental Finance And Investments
Authors: Marc Chesney, Jonathan Gheyssens, Anca Claudia Pana, Luca Taschini
2nd Edition
