Question
A bond with a 9-year duration is worth $1,075, and its yield to maturity is 7.5%. If the yield to maturity falls to 7.39%, you
A bond with a 9-year duration is worth $1,075, and its yield to maturity is 7.5%. If the yield to maturity falls to 7.39%, you would predict that the new value of the bond will be approximately _________.
Multiple Choice
$1,073.82
$1,075.00
$1,084.89
$1,076.18
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
