Question
Dream company has bonds with face value of $1,000 , 14 years to maturity, coupon rate of 6 percent, and YTM of 8 percent. It
Dream company has bonds with face value of $1,000 , 14 years to maturity, coupon rate of 6 percent, and YTM of 8 percent. It makes semiannual payments. What is percentage change in the price of this bond if the market yield to maturity rises to 9 percent ?
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Financial Accounting
Authors: Belverd E Needles, Marian Powers
10th Edition
0547193289, 9780547193281
