Question
One year ago, XYZ Co. issued 13-year bonds at par. The bonds have a coupon rate of 5.62 percent, paid semiannually, and a face value
One year ago, XYZ Co. issued 13-year bonds at par. The bonds have a coupon rate of 5.62 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.31 percent. What is the percentage change in the bond price over the past year? Answer to two decimals
Using financial Calculator (not excel)
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Financial And Insurance Formulas
Authors: Tomas Cipra
2010th Edition
3790829013, 978-3790829013
