Question
A bond is paying $50 coupon every six month. The bond's face value is $1000 and it has 5 years to maturity. By what percentage
A bond is paying $50 coupon every six month. The bond's face value is $1000 and it has 5 years to maturity. By what percentage will the price of the bond change, if the current YTM of 10% decreases to 8% due to a credit rating upgrade? (Provide your answer in percent rounded to two decimals, omitting the % sign.)
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
