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Imagine a 15 -year semi-annual coupon bond. The bond is selling for $899 today. The bond's coupon rate is 4.4% and the face value is
Imagine a 15 -year semi-annual coupon bond. The bond is selling for $899 today. The bond's coupon rate is 4.4% and the face value is $1,000. If the YTM of this bond increases 50 basis points (=0.5%) in the afternoon, what will be the new price of this bond? $841.72 $852.90 $830.52 $809.77 $818.95 Step by Step Solution
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Public Finance Lessons From The Past And Effects On The Future
Authors: Miguel-Angel Galindo Martin
1st Edition
1629481491, 978-1629481494
