Question
A $5,000 bond with a coupon rate of 6% paid semiannually has nine years to maturity and a yield to maturity of 6.6%. If interest
A $5,000 bond with a coupon rate of 6% paid semiannually has nine years to maturity and a yield to maturity of 6.6%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond?
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
