Question
One year ago, you purchased a 7.5 percent annual coupon bond for a clean price of 98% of par. The bond now has 7 years
One year ago, you purchased a 7.5 percent annual coupon bond for a clean price of 98% of par. The bond now has 7 years remaining until maturity. Today, the yield to maturity on this bond is 6.5 percent. What is the percentage change in the price of the bond? Show all calculations or calculator inputs. Hint: find the current price of the bond.
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The Palgrave Handbook Of Government Budget Forecasting
Authors: Daniel Williams, Thad Calabrese
1st Edition
3030181944, 978-3030181949
