Question
Suppose a new issue par $1,000 bond is issued with a monthly coupon payment of 6.95% and 6 years to maturity when interest rates are
Suppose a new issue par $1,000 bond is issued with a monthly coupon payment of 6.95% and 6 years to maturity when interest rates are 6.95%. If interest rates fall by 37 basis points, what is the new bond price?
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International Finance Theory And Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J Melitz,
11th Edition
013451954X, 9780134519548
