Question
Given a 10-year bond with a par value of $1,000, a coupon of 9% and the market rate of interest equal to 9%. If market
Given a 10-year bond with a par value of $1,000, a coupon of 9% and the market rate of interest equal to 9%. If market interest rates decrease to 7.5%, what will be the dollar change in the value of this bond if Duration is 6.9?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
