Question
An 8% coupon bond has a yield to maturity of 10% and a duration of 8 years. The current bond price is $925. If the
An 8% coupon bond has a yield to maturity of 10% and a duration of 8 years. The current bond price is $925. If the market yield decreases by 20 basis points, what will be the expected bond price?
$936.18
$939.64
$960.36
$963.82
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
