Question
Bond J has a coupon rate of 9.6 percent and 9 year to maturity. It makes semiannual payments, and have a YTM of 8.84 percent.
Bond J has a coupon rate of 9.6 percent and 9 year to maturity. It makes semiannual payments, and have a YTM of 8.84 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of this bond?
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Capital Ideas The IMF And The Rise Of Financial Liberalization
Authors: Jeffrey M. Chwieroth
1st Edition
1789732468, 9781789732467
