Question
An investor purchased the 4 bonds listed below. Each of them had a 10 percent yield to maturity at the time of purchase. Which one
An investor purchased the 4 bonds listed below. Each of them had a 10 percent yield to maturity at the time of purchase. Which one would experience the greatest percentage price change if the YTM on each bond fell to 9 percent?
| a. | 10-year, 10% annual coupon bond | |
| b. | 30-year, zero-coupon bond | |
| c. | 5-year, zero-coupon bond | |
| d. | 10-year, zero-coupon bond |
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Raising Venture Capital
Authors: Rupert Pearce, Simon Barnes
1st Edition
0470027576, 978-0470027578
