Question
Consider a 10% bond with a YTM of 9%. All else equal (including the YTM remaining 9%), one year later we should expect the price
Consider a 10% bond with a YTM of 9%. All else equal (including the YTM remaining 9%), one year later we should expect the price to have moved:
| a. | Lower | |
| b. | Higher | |
| c. | Neither lower nor higher (we expect the bond price will remain the same) |
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
