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right now Aaa bonds yield 4% and Baa bonds yield 10%. if some bad nees causes a 7% coupon rate 8 year bond to be
right now Aaa bonds yield 4% and Baa bonds yield 10%. if some bad nees causes a 7% coupon rate 8 year bond to be unexpectedly updated from Baa to Aaa, what would be the change in the bond price?
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
