Question
A bond with a 7-year duration is worth $1,088, and its yield to maturity is 8.8%. If the yield to maturity falls to 8.56%, you
A bond with a 7-year duration is worth $1,088, and its yield to maturity is 8.8%. If the yield to maturity falls to 8.56%, you would predict that the new value of the bond will be approximately _________.
$1,085.39
$1,088.00
$1,104.76
$1,090.61
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
