Question
a bond with a $1,000 par 7.5 years to maturity , semiannual payments , an annual coupon rate of 4.5% and a yeild to maturity
a bond with a $1,000 par 7.5 years to maturity , semiannual payments , an annual coupon rate of 4.5% and a yeild to maturity of 4.2% what will the percentage change in the bond price if the yeild changes instantaneously to 5.1%?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
