Question
Bond Dave has a 4 percent coupon rate, makes semiannual payments, a 4 percent YTM, and 26 years to maturity. If interest rates suddenly rise
Bond Dave has a 4 percent coupon rate, makes semiannual payments, a 4 percent YTM, and 26 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).
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Banking With Integrity The Winners Of The Financial Crisis
Authors: Dr Heiko Spitzeck , Dr Michael Pirson, Dierksme , Dr. Heiko Spitzeck , Prof. Claus Dierksmeier, Dr. Michael Pirson
1st Edition
0230289959,0230346499
