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Bond Dave has a 5 percent coupon rate, makes semiannual payments, a 9 percent YTM, and 26 years to maturity. If intrest rates suddenly rise
Bond Dave has a 5 percent coupon rate, makes semiannual payments, a 9 percent YTM, and 26 years to maturity. If intrest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Dave?
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
