Question
A bond has the following terms: Principal amount$1,000 Coupon rate5% Maturity10 years What is the bond's price if the market interest rates increases to 7%?
A bond has the following terms:
Principal amount$1,000
Coupon rate5%
Maturity10 years
What is the bond's price if the market interest rates increases to 7%?
1000
533.40
859.20
7375.20
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
