Question
A perpetuity pays $71 annually. Calculate the actual % change in the perpetuity's price if the YTM is 9% and is expected to become 10%.
A perpetuity pays $71 annually. Calculate the actual % change in the perpetuity's price if the YTM is 9% and is expected to become 10%.
Provide your answer in percent, rounded to two decimals, omitting the % sign.
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
