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Patrick owns an 8% annual coupon rate bond, paid semi-annually, that has a 8.6% yield to maturity and 7 years to maturity. If the yield
Patrick owns an 8% annual coupon rate bond, paid semi-annually, that has a 8.6% yield to maturity and 7 years to maturity. If the yield to maturity on the bond decreases to 7.6%, how much will the bond change in value? O Increase by $44.64 Decrease by $52.48 Decrease by $44.64 O Increase by $52.48 Next
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Finance And Industrial Policy
Authors: Giovanni Cozzi, Susan Newman, Jan Toporowski
1st Edition
0198744501, 978-0198744504
