Question
Four years ago, JF Delisle purchased Procom's 15-year, 4.5% bonds at par. He notes the price has changed to 102.85 and he calculates the change
Four years ago, JF Delisle purchased Procom's 15-year, 4.5% bonds at par. He notes the price has changed to 102.85 and he calculates the change in yield as:
| A. | 0.07%. | |
| B. | 0.33% | |
| C. | 0.26%. |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
