Question
Consider a 10-year semi-annual 4% coupon bond with $1,000 face value. Suppose its YTM went up from 5% to 6%. How much would its
Consider a 10-year semi-annual 4% coupon bond with $1,000 face value. Suppose its YTM went up from 5% to 6%. How much would its value change in response? Calculate value change as new value minus old value, rounded to the nearest dollar. If the price dropped, the answer is negative, and vice versa. Type your numeric answer and submit
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
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