Question
All else constant, if the yield to maturity of a bond increases, then the value of the bond ________. increases decreases stays the same increases
All else constant, if the yield to maturity of a bond increases, then the value of the bond ________.
increases
decreases
stays the same
increases if the maturity is less than one year
decreases if the maturity is less than one year
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
