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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. | 0.26%. | |
| C. | 0.33% |
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
