Question
An 8% coupon bond with a YTM of 9% per annum has a price of $974.687; if the interest rate increases from 9% to 9.05%,
An 8% coupon bond with a YTM of 9% per annum has a price of $974.687; if the interest rate increases from 9% to 9.05%, the bond price will fall to ___________ giving a percentage change in price of _________. [Show detailed working step by step for this problem]
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
