Question
Bond Dave hasa 6 percent coupon rate, makes semiannual payments, a 5 percent YTM, and 15 years to maturity.If interest rates suddenly rise by 1
Bond Dave hasa 6 percent coupon rate, makes semiannual payments, a 5 percent YTM, and 15 years to maturity.If interest rates suddenly rise by 1 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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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
