Question
ABC Limited has two types of bonds. Each of which pays semi-annual coupons and has five years left until maturity. One has a coupon rate
ABC Limited has two types of bonds. Each of which pays semi-annual coupons and has five years left until maturity. One has a coupon rate of 6% and the other has a coupon rate of 11%, both currently have a yield to maturity of 9%. By what percentage will the price of each bond change if its yield to maturity decreased from 9% to 8%
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
