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Interpreting Bond Yields. Suppose you buy a 7 percent coupon, 20-year bond today when its first issued. If interest rates suddenly rise to 15 percent,
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Interpreting Bond Yields. Suppose you buy a 7 percent coupon, 20-year bond today when its first issued. If interest rates suddenly rise to 15 percent, what happens to the value of your bond? Why?
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
