Question
can you help me solve this, please: Calculate the price change for a 1-percent decrease in market yield for the following bond: par = $1,000;
can you help me solve this, please:
Calculate the price change for a 1-percent decrease in market yield for the following bond: par = $1,000; coupon rate = 6 percent, paid semi-annually; market yield = 6 percent; term to maturity = 9 years.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 4 decimal places, e.g. 1,564.2556.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
