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Assume a bond with a 6.00% coupon and nine years remaining until maturity is trading at a YTM of 5.25% witha corresponding price of $1,060.
Assume a bond with a 6.00% coupon and nine years remaining until maturity is trading at a YTM of 5.25% witha corresponding price of $1,060. At a YTM of 6.75%, the bond's price would be $940.
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Using the formula for bond price change with respect to c...
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
