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A bond issued by Chronos Tech Inc., is currently trading with a 6.26% YTM. The bond has 13 years to maturity and has a coupon
A bond issued by Chronos Tech Inc., is currently trading with a 6.26\% YTM. The bond has 13 years to maturity and has a coupon rate of 7.2%. The other features of the bond are standard. If interest rates suddenly change by 0.99%, by how much does the price of the bond change as a result of the interest rate change? Answer as a PERCENTAGE to two decimals, be aware to include the negative sign if appropriate
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue, Jonathan Fox
14th Edition
