Question
One year ago, XYZ Co. issued 11-year bonds at par. The bonds have a coupon rate of 5.79 percent, paid semiannually, and a face value
One year ago, XYZ Co. issued 11-year bonds at par. The bonds have a coupon rate of 5.79 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.58 percent. What is the percentage change in the bond price over the past year? Answer to two decimals
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
