Question
A 6.40 percent coupon bond with ten years left to maturity is priced to offer a 7.8 percent yield to maturity. You believe that in
A 6.40 percent coupon bond with ten years left to maturity is priced to offer a 7.8 percent yield to maturity. 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?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
