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coca cola bonds have a 13.5 percent coupon rate, a face value of $1 thousand, 11 years to maturity, are American-style, and have a yield-to-maturity
coca cola bonds have a 13.5 percent coupon rate, a face value of $1 thousand, 11 years to maturity, are American-style, and have a yield-to-maturity of 7%. If opportunity costs suddenly change and coca cola's yield-to-maturity increases by 200 basis points, what will be the resulting percentage change in the price of the bond?
Submit the absolute value of your answer in percentage form rounded to the basis point.
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