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Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has 10 years to maturity and Andres bond
Calvin and Andre both have bonds they bought at par value and pay 10% coupons. Calvin's bond has 10 years to maturity and Andres bond has 20 years to maturity. If interest rates suddenly fall to 8%, what is the approximate change in value of Calvin's bond? 
13 59% -13 590% 1979 -1840- -11 Step by Step Solution
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Finance And Sustainability Proceedings From The Finance And Sustainability Conference Wroclaw 2017
Authors: Agnieszka Bem, Karolina Daszy?ska-?ygad?o , Ta?ána Hajdíková, Péter Juhász
1st Edition
3319922270,3319922289
