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Calculate the price change for a 1-percent decrease in market yield for the following bond: par = $1,000; coupon rate = 10 percent, paid
Calculate the price change for a 1-percent decrease in market yield for the following bond: par = $1,000; coupon rate = 10 percent, paid semi-annually; market yield = 10 percent; term to maturity = 8 years. (Round present value factor calculations and the final answer to 2 decimal places, e.g. 1,564.25. Insert positive number only.) Change in price $
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
