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Intro A corporate bond has 2 years to maturity, a coupon rate of 12%, a face value of $1,000 and pays coupons semiannually. The market
Intro A corporate bond has 2 years to maturity, a coupon rate of 12%, a face value of $1,000 and pays coupons semiannually. The market interest rate for similar bonds is 11.5%. Part 6 Attempt 1/1 for 10 pts. If the market interest rate decreases by 93 basis points, what is the percentage change in bond price (AP/P)? (Please enter your answer with 6 digits after the decimal with % sign at the end, .e.g. 9.123456%) | A+ decimals Submit
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