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EXERCISE #10: If Valero 2039 gets downgraded to BB+ and the yield changes by 1%, then for Valero 2039: New ytm = . %, New
EXERCISE #10: If Valero 2039 gets downgraded to BB+ and the yield changes by 1%, then for Valero 2039: New ytm = . %, New approx. Price =. [Assume exactly 21 years to maturity.]
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