Question
A 6.45 percent coupon bond with fifteen years left to maturity is priced to offer a 7.9 percent yield to maturity. You believe that in
| A 6.45 percent coupon bond with fifteen years left to maturity is priced to offer a 7.9 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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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
