Question
A bond with a $1,000 par, 6 years to maturity, a coupon rate of 3%, and annual payments has a yield to maturity of 4.3%.
A bond with a $1,000 par, 6 years to maturity, a coupon rate of 3%, and annual payments has a yield to maturity of 4.3%. What will be the percentage change in the bond price if the yield changes instantaneously to 4.9%?
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How To Get Out Of Debt And Into Praise
Authors: James T. Meeks
1st Edition
0802429939,1575678314
