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Consider a bond issue with a total par value of $1,000. The bond has exactly 25 years remaining until maturity and offers a coupon rate
Consider a bond issue with a total par value of $1,000. The bond has exactly 25 years remaining until maturity and offers a coupon rate is 8.8% with interest paid semiannually. The bond issue is currently trading at a price to yield 8.2%. If changes in market interest rates cause the bond's yield to maturity to change to 6.9%, what will be amount of the bond's change in price
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
