Question
If a bond with 10 years to maturity, a face amount of $5000, and annual coupons of 3.5% is currently trading at par, then what
If a bond with 10 years to maturity, a face amount of $5000, and annual coupons of 3.5% is currently trading at par, then what would be the percentage increase or decrease in the value of the bond if the YTM fell by 1% (possibly because of monetary policy)?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
3rd Edition
0073382426, 9780073382425
