Question
A 6.35 percent coupon bond with 15 years left to maturityis priced to offer a yield to maturity of 7.7 percent. You believe that in
A 6.35 percent coupon bond with 15 years left to maturityis priced to offer a yield to maturity of 7.7 percent. You believe that in one year, the yield to maturity will be 7.0 percent. What is the change in price the bond will experience in dollars?
Change in Bond price
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
