Question
a $5,000 bond with a coupon rate of 6.6% paid semiannually has eight years to maturity and a yield to maturity of 7.3%. if interest
a $5,000 bond with a coupon rate of 6.6% paid semiannually has eight years to maturity and a yield to maturity of 7.3%. if interest rates rise and the yield to maturity increases to 7.6%, what will happen to the price of the bond?
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Public Finance An International Perspective
Authors: Joshua E. Greene
1st Edition
9814365041, 978-9814365048
