Question
John owns a corporate bond with a coupon rate of 10% that matures in 10 years. If interest rates go down to 8%, then: a)
John owns a corporate bond with a coupon rate of 10% that matures in 10 years. If interest rates go down to 8%, then: a) the value of John's bond will decrease b) the value of John's bond will increase c) the value of John's bond will remain the same d) it is not possible to value this bond
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
