Question
A zero-coupon bond has a face value of $1,000 and maturity in 10 years. By how much will the price of the bond change
A zero-coupon bond has a face value of $1,000 and maturity in 10 years. By how much will the price of the bond change if the yield drops from 12% to 10%?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
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