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A public corporate bond has a 8 percent coupon and pay interest annually. The current market price is $940. The bonds mature in 20 years.
A public corporate bond has a 8 percent coupon and pay interest annually. The current market price is $940. The bonds mature in 20 years. If interest rate suddenly rises by 2%, what is the percentage price change of this bond
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Analysis For Financial Management
Authors: Robert C. Higgins
5th Edition
0256167036, 9780256167030
