Question
A bond issued by Great Plains Energy has a coupon rate of 4.850% and matures in 4 years. The quoted price of the bond is
A bond issued by Great Plains Energy has a coupon rate of 4.850% and matures in 4 years. The quoted price of the bond is 107.13. What will happen to the price of the bond if the yield to maturity increases?
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
