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Par value of the bond is $1,000. Suppose you buy a 7% coupon, 20 year bond today when its first issued. If interest rates suddenly
- Par value of the bond is $1,000. Suppose you buy a 7% coupon, 20 year bond today when its first issued. If interest rates suddenly rise to 15%, what happens to the value of your bond? Why?
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
