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Hi, How would I answer this question using the BAII Plus Calculator: A 15 year, 6% coupon bond pays interest annually. The bond has a
Hi,
How would I answer this question using the BAII Plus Calculator:
A 15 year, 6% coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the yield to maturity rises from 6.25% to 6.5%?
Please describe steps and buttons to press and include answer.
Thanks in advance!
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