Question
Robinson has a bond that is traded at its par value of $1,000, has a 5% coupon rate, and has a 4-year maturity. If the
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Robinson has a bond that is traded at its par value of $1,000, has a 5% coupon rate, and has a 4-year maturity. If the interest rate were to increase by 150 basis points, his predicted new price for the bond based on duration only is ____________.
925.0
935.1
938.2
993.8
None of the above
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Introduction To The Financial Management Of Healthcare Organizations
Authors: Michael Nowicki
7th Edition
156793904X, 9781567939040
