Question
chapter 7 question 14 A 7.70 percent coupon bond with 15 years left to maturity is priced to offer a 8.4 percent yield to maturity.
chapter 7 question 14
A 7.70 percent coupon bond with 15 years left to maturity is priced to offer a 8.4 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.0 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
| Change in bond price | $ |
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
