Question
MLK Bank has an asset portfolio that consists of $70 million of 30-year, 7 percent coupon, $1,000 bonds with annual coupon payments that sell at
MLK Bank has an asset portfolio that consists of $70 million of 30-year, 7 percent coupon, $1,000 bonds with annual coupon payments that sell at par.
What will be the new prices if market yields change immediately by 2.00 percent? Round your answers to 2 decimal places
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Handbook Of Business Valuation
Authors: Thomas L. West, Jeffrey D. Jones
2nd Edition
0471297879, 978-0471297871
